QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either Operating, Investing, or Financing activities assuming indirect method. 1. Paid cash for utilities. 2. Paid accounts payable with cash. 3. Sold stock investments for cash. 4. Paid cash for a building. 5. Cash paid to purchase long-term investments. 6. Received cash from long-term debt issuance. 7. Issued preferred stock for cash. 8. Paid cash dividends. 9. Paid cash for wages and salaries. 10. Paid cash interest on outstanding notes.

QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either Operating, Investing, or Financing activities assuming indirect method. 1. Paid cash for utilities. 2. Paid accounts payable with cash. 3. Sold stock investments for cash. 4. Paid cash for a building. 5. Cash paid to purchase long-term investments. 6. Received cash from long-term debt issuance. 7. Issued preferred stock for cash. 8. Paid cash dividends. 9. Paid cash for wages and salaries. 10. Paid cash interest on outstanding notes.

Name: QS 12-1 Transaction classification by activity LO C1Classify the foll
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Description: QS 12-1 Transaction classification by activity LO C1Classify the following cash flows as either Operating, Investing, or Financing activities assuming indirect method.1. Paid cash for utilities.2. Paid accounts payable with cash.3. Sold stock invest

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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