The major classifications of activities reported in the statements of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: choose from this( (-)operating activity / (+)investing Activity/ (-) investing activity/ (+) financing activity/ (+) operating activity/ (-) Financing activity )) - Decrease in accounts receivable during the year. - Decrease of inventory balanace during the year. - Decrease of salaries payable during the year. - Sale of treasury shares. - Increase of prepaid rent during the year - Sale of land - Issurance of Notes payable (long term) Increase in accounts payable during the year. -depreciation of equipment - Issurance of preference shares - Increase of uneared revenuesduring the year - Purchase of buildings -Net income - Payment of cash dividened - Gain on sale of equipment
The major classifications of activities reported in the statements of cash flows are operating, investing, and financing. Classify each of the transactions listed below as:
choose from this( (-)operating activity / (+)investing Activity/ (-) investing activity/ (+) financing activity/ (+) operating activity/ (-) Financing activity ))
- Decrease in accounts receivable during the year.
- Decrease of inventory balanace during the year.
- Decrease of salaries payable during the year.
- Sale of treasury shares.
- Increase of prepaid rent during the year
- Sale of land
- Issurance of Notes payable (long term)
Increase in accounts payable during the year.
-
- Issurance of
- Increase of uneared revenuesduring the year
- Purchase of buildings
-Net income
- Payment of cash dividened
- Gain on sale of equipment
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