Classifying Cash Flows Identify whether each of the following would be reported as an operating, investing,...
Classifying Cash Flows
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows:
| a. Retirement of bonds payable | |
| b. Purchase of inventory for cash | |
| c. Cash sales | |
| d. Repurchase of common stock | |
| e. Payment of accounts payable | |
| f. Disposal of equipment |
Homework Answers
A) retirement of bonds payable is a type of financing activity
B) purchase of inventory for cash is a type of operating activity
C) cash sales is a type of operating activity
D) repurchase of common stock is a type of operating activity
E) payment of accounts payable is a type of operating activity
F) disposal of equipment is a type of investment activity
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Classifying Cash Flows
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