Classify the following cash flows as either operating
Classify the following cash flows as either operating, investing, or financing activities assume indirect method.
1. Sold stock investments for cash.
2. Received cash from sale of land.
3. Received cash from sale of equipment.
4. Cash paid to purchase short-term investments.
5. Paid long-term debt with cash.
6. Received cash from short-term debt issuance.
7. Issued common stock for cash.
8. Paid cash for wages and salaries.
9. Paid cash interest on outstanding notes.
10. Paid cash for utilities.
Homework Answers
A cash flow statement is divided into 3 sections as below:
Cash flows from operating activities: It includes the cash inflows and outflows from the normal operations of business.
Cash flows from investing activities: It includes the cash inflows and outflows from the purchase and sales of assets.
Cash flows from financing activities: It includes the cash inflows and outflows from the activities of issuance and repayment of capital.
Based on the above classification, transactions given in the table are classified according to their nature:
| S. No. | Description | Amount |
| 1 | Sold stock investments for cash | Investing |
| 2. | Received cash from sale of land | Investing |
| 3. | Received cash from sale of equipment | Investing |
| 4. | Cash paid to purchase short term investments | Operating |
| 5. | Paid long term debt with cash | Financing |
| 6. | Received cash from short term debt issuance | Operating |
| 7. | Issued common stock for cash | Financing |
| 8. | Paid cash for wages and salaries | Operating |
| 9. | Paid cash interest on outstanding notes | Operating |
| 10. | Paid cash for utilities | Operating |
Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 32...
Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 32 (8 01:40:41 1. Received cash from long-term debt issuance. 2. Paid long-term debt with cash. 3. Received cash from short-term debt issuance. 4. Issued common stock for cash. 5. Paid cash for wages and salaries. 6. Received cash interest on a note. 7. Paid cash for property taxes on building. 8. Paid cash for utilities. 9. Sold stock investments for cash. 10. Received cash...
Classify the following cash flows as either operating, investing, or financing 1. Received cash payments from...
Classify the following cash flows as either operating, investing, or financing 1. Received cash payments from customers. 2. Paid cash for wages and salaries. 3. Received cash interest on a note. 4. Paid cash for property taxes on building 5. Paid cash for utilities. 6. Paid cash for rent. 7. Received cash from sale of land. 8. Received cash from sale of equipment. 9. Received cash from long-term debt issuance. 10. Received cash from short-term debt issuance. Operating activities Investing...
Classify the following cash flows as either operating, investing, or financing activities assume indirect method. (...
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Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Received cash dividends from investments. 2. Paid cash for utilities. 3. Paid cash for rent. | 4. Received cash from sale of land. 5. Received cash from sale of equipment. 6. Cash paid to purchase short-term investments. | 7. Paid long-term debt with cash. 8. Received cash from short-term debt issuance 9. Received cash payments from customers. 10. Received cash interest on a note.
Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1....
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Classify the following cash flows as operating investing, or financing activities Classy as a source or...
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Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Received cash dividends from investments. 2. Paid cash for utilities. 3. Paid cash for rent. | 4. Received cash from sale of land. 5. Received cash from sale of equipment. 6. Cash paid to purchase short-term investments. | 7. Paid long-term debt with cash. 8. Received cash from short-term debt issuance 9. Received cash payments from customers. 10. Received cash interest on a note.
Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Paid cash dividends. 2. Issued common stock for cash. 3. Paid cash for wages and salaries 4. Received cash interest on a nort 5. Paid cash for property taxes on building 6. Paid cash for utilities 7. Paid cash for rent. 8. Received cash from sale of land. 9. Cash paid to purchase long-term investments. 10. Paid long-term debt with cash.
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