For each transaction provided in items 1 through 12, select the proper section of the statement of
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Question:
For each transaction provided in items 1 through 12, select the proper section of the statement of cash flows (direct method) in which it should be reported from the reporting categories provided.
A-Cash provided/used by financing activities
B-Cash provided/used by investing activities
C-Cash provided/used by operating activities
D- Disclosed in notes
1. Principal payment on long-term note payable | |
2. Customers paid cash for inventory items | |
3. Cash dividends paid to stockholders | |
4. Issuance of stock for more than its par value | |
5. Payment of employees' salaries | |
6. Issuance of common stock for cash | |
7. Payment of income taxes | |
8. Issuance of bonds at a premium | |
9. Sale of available-for-sale securities (long-term) | |
10. Purchase of equipment | |
11. Purchase of treasury stock | |
12. Sale of long-term investment |
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