Question: Financial Accounting Instructor: Turck Recognizing and Classifying Cash Flows Activities 13 1. Identify each of the following tranactions as one of the 4 choices
Financial Accounting Instructor: Turck Recognizing and Classifying Cash Flows Activities 13 1. Identify each of the following tranactions as one of the 4 choices shown 2. Identify whether the event is a cash inflow or outflow or neither Operating Investing a. Issuance of common stock for cash b. Payment on accounts payable C. Payment of cash dividend d. Sale of long-term investment Financing F NonCash Event 1. e. Collection of accounts receivable f. Issuance of long-term note payable to borrow cash Acquisition of equipment by issuance of note payable(no down payment) g. h. Payment on long-term debt (debt is synonym for liability) i. Acquisition of building by payment of cash j. Purchase of long-term investment k. Payment of wages to employees I. Cash sale of land (4)SupEx(cash-flow-activities).xlsx 2. CASH O, I, F, NA INFLOW (OUTFLOW)
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