Question: QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either Operating Investing, or Financing activities assuming indirect method. 1 Paid
QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either Operating Investing, or Financing activities assuming indirect method. 1 Paid cash for a building 2 Received cash from sale of equipment 3. Cash paid to purchase short-term investments 4 Paid long-term debt with cash 5 Received cash from short term debt issuance 6. Issued common stock for cash 7 Paid cash for wages and salanes 8 Received cash interest on a note 9. Received cash dividends from investments 10. Paid cash for rent
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
