Question 2

QUESTION 2 For each event listed below, select the appropriate category which describes the effect of the event on a statement of cash flows: Collection of accounts receivable Sale of a building Borrowed money from the bank, loan due in 10 years Cash dividends declared Payment on long-term debt Issuance of stock to acquire land A. Cash provided/used by financing activities Payment of employees' wages B. Cash provided/used by operating activities Issuance of preferred stock for cash C. Not a cash flow Payment of income taxes payable D. Cash provided/used by investing activities Purchase of equipment Issuance of common stock for cash Sale of real estate held as a long-term investment Depreciation Expense Net Income ncrease in prepaid expenses A. B. C. D. and Submit to save and submit. Click Save All Answers to save all answers