Identify in which section, if any, the following items would appear in the Cash Flow Statement:

1. Equipment is purchased by signing a 3-year, 10% note payable.

2. Cash dividends on common stock are declared and paid.

3. 100 shares of AZ Firm, Inc. Common stock is purchased for cash.

4. Merchandise is sold to customers for cash.

5. Johnson Firm Bonds payable are converted into common stock.

Answer rating: 100% (QA)

1Not affected any of these sections non cash ... View the full answer