Question: For each transaction listed below, indicate where it would be presented on the statement of cash flows. Enter your answer by clicking in the drop-down

For each transaction listed below, indicate where it would be presented on the statement of cash flows. Enter your answer by clicking in the drop-down box next to the transaction. Answer choices may be used once, more than once, or not at all. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore, exercise caution when entering your answers into carmen. Quiz scores will not be adjusted for errors in entering choices.

1. purchase of a patent for cash

[ Choose ] financing activity cash outflow financing activity cash inflow investing activity cash outflow investing activity cash inflow operating activity cash inflow operating activity cash outflow

2. cash received from a bank loan

[ Choose ] financing activity cash outflow financing activity cash inflow investing activity cash outflow investing activity cash inflow operating activity cash inflow operating activity cash outflow

3. cash received from customers who paid in advance for services to be performed later

[ Choose ] financing activity cash outflow financing activity cash inflow investing activity cash outflow investing activity cash inflow operating activity cash inflow operating activity cash outflow

4. cash received from the sale of a building

[ Choose ] financing activity cash outflow financing activity cash inflow investing activity cash outflow investing activity cash inflow operating activity cash inflow operating activity cash outflow

5. cash paid for rent on a warehouse

[ Choose ] financing activity cash outflow financing activity cash inflow investing activity cash outflow investing activity cash inflow operating activity cash inflow operating activity cash outflow

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