Question: 1 ) Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the

1)

Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by each transaction.

Terms

1 .

Operating cash inflow

2 .

Noncash financing and investing activity

3 .

Investing cash outflow

4 .

Financing cash inflow

5 .

Investing cash inflow

Phrase

1 .

Cash collected on accounts receivable

2 .

Payment of a property dividend

3 .

Cash collection of a non trade note receivable

4 .

Cash purchase of securities issued by another corporation

5 .

Issuance of a long term note payable for cash

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