Solved

Match Each of the Following with the Appropriate Section of the Statement

Question 16

Matching

Match each of the following with the appropriate section of the statement of cash flows

Premises:
Borrowed money from a bank on a long-term note
Sale of used equipment
Paid utilities expenses
Paid employee wages
Dividends paid to stockholders
Purchase of land
Responses:
Financing
Operating
Investing

Correct Answer:

Borrowed money from a bank on a long-term note
Sale of used equipment
Paid utilities expenses
Paid employee wages
Dividends paid to stockholders
Purchase of land
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