Question: Listed below are transactions that might be reported as investing and/or financing activities on a statement of cash flows. Possible reporting classifications of those transactions

Listed below are transactions that might be reported as investing and/or financing activities on a statement of cash flows. Possible reporting classifications of those transactions are provided also.

Required:

Indicate the reporting classification of each transaction by entering the appropriate classification code.

Classifications +I Investing activity (cash inflow) -I Investing activity (cash outflow) Financing activity (cash inflow) +F -F Financing activity (cash outflow) N Noncash investing and financing activity Not reported as an investing and/or a financing activity

Classifications +I Investing activity (cash inflow) -I Investing activity (cash outflow) Financing

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Classification SNo Transactions I 1 Sale of land F 2 Issuance of common stock for cash F 3 Purchase ... View full answer

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