QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Paid cash for a building. 2. Paid long-term debt with cash. 3. Received cash from sale of equipment at a gain. 4. Paid cash for utilities. 5. Received cash dividends from investments 6. Paid short-term debt with cash. 7. Paid cash for rent 8. Paid accounts payable with cash. 9. Received cash from the sale of property at a loss 10. Received cash from long-term debt issuance. Investing activities Financing activities Investing activities Operating activities Investing activities Operating activities Operating activities Investing activities Prev 1 of 8 Next >