Question

For each transaction listed below, indicate where it would be presented on the statement of cash flows. Select your answer by clicking in the drop down box to the right of each transaction. Answer choices may be used once, more than once, or not at all. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore, exercise caution when entering your answers into carmen. Quiz scores will not be adjusted for errors in entering choices.

Group of answer choices

purchase of a copyright for cash

      [ Choose ]            financing activity            investing activity            this item would not appear on the statement of cash flows            operating activity      

payments made to a bank to repay borrowed funds

      [ Choose ]            financing activity            investing activity            this item would not appear on the statement of cash flows            operating activity      

cash paid for rent on a warehouse

      [ Choose ]            financing activity            investing activity            this item would not appear on the statement of cash flows            operating activity      

Answer 1

Purchase of a copyright for cash	Investing activity
Payments made to a bank to repay borrowed funds	Financing activity
Cash paid for rent on a warehouse	Operating activity