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Categorize each cash flow transaction. Write O for operating, I for investing, or F for financing.   Cash received from sale of a building Cash paid for salaries Cash received for interest on a note receivable Cash paid to acquire a new truck Cash loaned out to a customer in the form of a long-term note Cash received for services rendered Cash paid on interest Cash paid for insurance for equipment Cash received from a debtor representing payments on principal Cash paid out to acquire a building Cash paid for taxes Cash received from borrowings Cash paid to acquire equity securities Cash paid for utilities Cash received from investments by owner

Categorize each cash flow transaction. Write O for operating, I for investing, or F for financing.   Cash received from sale of a building Cash paid for salaries Cash received for interest on a note receivable Cash paid to acquire a new truck Cash loaned out to a customer in the form of a long-term note Cash received for services rendered Cash paid on interest Cash paid for insurance for equipment Cash received from a debtor representing payments on principal Cash paid out to acquire a building Cash paid for taxes Cash received from borrowings Cash paid to acquire equity securities Cash paid for utilities Cash received from investments by owner

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Categorize each cash flow transaction. Write O for operating, I for investing, or F for financing.

 

  1. Cash received from sale of a building
  2. Cash paid for salaries
  3. Cash received for interest on a note receivable
  4. Cash paid to acquire a new truck
  5. Cash loaned out to a customer in the form of a long-term note
  6. Cash received for services rendered
  7. Cash paid on interest
  8. Cash paid for insurance for equipment
  9. Cash received from a debtor representing payments on principal
  10. Cash paid out to acquire a building
  11. Cash paid for taxes
  12. Cash received from borrowings
  13. Cash paid to acquire equity securities
  14. Cash paid for utilities
  15. Cash received from investments by owner
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