Matching
Match each of the following line items with the type of activity or activities found on the statement of cash flows.Each can be used more than once.
Premises:
sale of used equipment
cash sales
purchase of store supplies
payment of a cash dividend
collection of accounts receivable
repayment of loan principal
purchase of inventory
amortization of a patent
sale of land in exchange for a note payable
payment of interest
Responses:
cash inflow from financing
cash outflow for investing
cash outflow for financing
cash inflow from operating activities
cash inflow from investing
cash outflow for operating activities
noncash item
reported in a schedule at the bottom of the statement of cash flows
Correct Answer:
Premises:
Responses:
sale of used equipment
cash sales
purchase of store supplies
payment of a cash dividend
collection of accounts receivable
repayment of loan principal
purchase of inventory
amortization of a patent
sale of land in exchange for a note payable
payment of interest
Premises:
sale of used equipment
cash sales
purchase of store supplies
payment of a cash dividend
collection of accounts receivable
repayment of loan principal
purchase of inventory
amortization of a patent
sale of land in exchange for a note payable
payment of interest
Responses:
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