Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 51

Classify the following cash flows as either operating, investing, or financing activities.
_____ 1. Sold long-term investments for cash.
_____ 2. Received cash payments from customers.
_____ 3. Paid cash for wages and salaries.
_____ 4. Purchased inventories for cash.
_____ 5. Paid cash dividends.
_____ 6. Issued common stock for cash.
_____ 7. Received cash interest on a note.
_____ 8. Paid cash interest on outstanding notes.
_____ 9. Received cash from sale of land at a loss.
_____ 10. Paid cash for property taxes on building.