(L.OBJ. 2) Classifying cash-flow items [10 min]
Consider the following transactions:
a. Purchased Building for $200,000 cash
b. Issued $10 par preferred stock for cash
c. Cash received from sales to customers of $20,000
d. Cash paid to vendors, $10,000
e. Sold Building for $5,000 gain for cash
f. Purchased common treasury shares for $15,000
g. Paid a notes payable with 1,000 of the company’s common abases
Requirement
1. Identify the category of the Statement of Cash Flows in which each transaction would be reported.
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