Question

Classify the following cash flows as operating investing, or financing activities Classy as a source or a use of cash or indicate it is added or subjected on the Statement of Canon 1. Issued bonds payable. 2. Purchased shares as an investment 3. Issued common shares for cash 4. Paid dividends. 5. Increase in Accounts Receivable 6. Received payments from customers 7. Collected proceeds from sale of long-term investments 8. A loss on the Income Statement 9. Paid Accounts Payable to Supplier 10. A Gain on the Income Statement Question Operating Investing Financing Source/use Or added or subtracted on the Statement of Cash Flow.

Answer 1

Answer:

Question		Operating/Investing/Financing	Source/Use Or Add / Subtract
1	Issued bonds payable	Financing	Source	+
2	Purchased shares as an investment	Investing	Use	-
3	Issued common shares for cash	Financing	Source	+
4	Paid dividends	Financing	Use	-
5	Increase in Accounts Receivable	Operating	Use	-
6	Received payments from customers	Operating	Source	+
7	Collected proceeds from sale of long-term investments	Investing	Source	+
8	A loss on the income statement	Operating	Source	+
9	Paid accounts payable to Supplier	Operating	Use	-
10	A gain on the income statement	Operating	Use	-