Identify the given items as operating (O), investing (I), financing (F), or non-cash (N) activities in the statement of cash flow .

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Chapter C, Problem 2SE

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Identify the given items as operating (O), investing (I), financing (F), or non-cash (N) activities in the statement of cash flow.

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Classifying items on the statement of cash flows Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (I), financing (F), or non-cash (N). a. Cash purchase of merchandise inventory b. Cash payment of dividends c. Cash receipt from the collection of long-term notes receivable d. Cash payment for income taxes e. Purchase of equipment in exchange for notes payable f. Cash receipt from the sale of land g. Cash received from borrowing money h. Cash receipt for interest income i. Cash receipt from the issuance of common stock j. Cash payment of salaries

Classifying items on the statement of cash flows Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (I), financing (F), or non-cash (N). Cash purchase of merchandise inventory Cash payment of dividends Cash receipt from the collection of long-term notes receivable Cash paid for income taxes Purchase of equipment in exchange for notes payable Cash receipt from the sale of land Cash received from borrowing money Cash receipt for interest income Cash receipt from the issuance of common stock Cash payment of salaries

Which of the following balance sheet items are commonly associated with the purchases and cash disbursements cycle? A Inventory and accounts payable B Purchases and accounts receivable C Cash paid to vendors D Cash received from the sale of inventory