Question: Activity Classification for statement of cash flow Identify the type of cash flow activity for each of the following events and classify them as operating

Activity Classification for statement of cash flow

Activity Classification for statement of cash flow Identify the type of cash

Identify the type of cash flow activity for each of the following events and classify them as operating (O), investing (I), or financing (F) 1. Issued (sold) common stock 2. Paid long term debt 3. Sold long-term investments 4. Issued (sold) preferred stock 5. Sold equipment 6. Purchased buildings 7. Net income 8. Net loss 9. Issued short term note payable 10. Issued bonds 11. Paid cash dividends 12. Increase in patients accounts receivable 13. Decrease in medical supplies and drugs Indicate whether each of the following would be added (+) to or deducted (-) in the corresponding section of the statement of cash flows: 14. Increase in medical supplies and drugs 15. Increase in patients accounts receivable 16. Increase in notes payable 17. Depreciation of fixed assets 18. Decrease in salaries payable 19. Purchased office equipment 20. Decrease in inventory 21. Gain on sale of building 22. Loss on sale of fixed assets 23. Paid cash dividends 24. Sold long-term investments

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