Question: QS 16-1 Classifying transactions by activity Q10 Classify the following cash flows as either operating (O), investing (I), or financing (F) activities. 1. Sold stock

 QS 16-1 Classifying transactions by activity Q10 Classify the following cashflows as either operating (O), investing (I), or financing (F) activities. 1.

QS 16-1 Classifying transactions by activity Q10 Classify the following cash flows as either operating (O), investing (I), or financing (F) activities. 1. Sold stock investments for cash. 2. Received cash payments from customers. 3. Paid cash for wages and salaries. 4. Purchased inventories with cash. 5. Paid cash dividends. 6. Issued common stock for cash. 7. Received cash interest on a note. 8. Paid cash interest on outstanding notes. 9. Received cash from sale of land. 10. Paid cash for property taxes on building. QS 16-2 Statement of cash flows P10 Label the following headings, line items, and notes with the numbers 1 through 13 according to their sequential order (from top to bottom) for presentation on the statement of cash flows. a. b. c. d. e. f. "Cash flows from investing activities title For period Ended date heading "Cash flows from operating activities title Company name Schedule or note disclosure of noncash investing and financing transactions Statement of Cash Flows" heading Net increase (decrease) in cash Net cash provided (used) by operating activities Cash (and equivalents) balance at prior period-end Net cash provided (used) by financing activities Cash flows from financing activities title Net cash provided (used) by investing activities Cash (and equivalents) balance at current period-end g. h. $ $ i. $ j. $ k. 1. $ m. $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!