Question 4.1 (Total: 24 marks; 2 marks each)

For each of the events listed below, select the category that best describes its effect on a statement of cash flows. Your categories are as follows:

a. Cash provided/used by operating activities

b. Cash provided/used by investing activities

c. Cash provided/used by financing activities

d. Not a cash flow item

Events:

_____ 1. Payment on long-term debt

_____ 2. Issuance of bonds at a premium

_____ 3. Collection of accounts receivable

_____ 4. Cash dividends declared

_____ 5. Issuance of shares to acquire land

_____ 6. Sale of marketable securities (long-term)

_____ 7. Payment of employees' wages

_____ 8. Issuance of common shares for cash

_____ 9. Payment of income taxes payable

_____ 10. Purchase of equipment

_____ 11. Purchase of treasury stock (common)

_____ 12. Sale of real estate held as a long-term investment