Which of the following transactions would not be correctly classified on the Statement of Cash Flows? O Payment of accounts payable as an operating cash outflow O Receipt of unearned revenue as an operating cash inflow O Repayment of a note payable as a financing cash outflow O Gain on sale of land as an investing cash inflow O All of the above are correctly classified.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following transactions would not be correctly classified on the Statement of Cash
Flows?
Payment of accounts payable as an operating cash outflow
Receipt of unearned revenue as an operating cash inflow
Repayment of a note payable as a financing cash outflow
Gain on sale of land as an investing cash inflow
All of the above are correctly classified.
Transcribed Image Text:Which of the following transactions would not be correctly classified on the Statement of Cash Flows? Payment of accounts payable as an operating cash outflow Receipt of unearned revenue as an operating cash inflow Repayment of a note payable as a financing cash outflow Gain on sale of land as an investing cash inflow All of the above are correctly classified.
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