Essay
A cash flow statement is divided into the following sections: cash flows from operating activities,cash flows from investing activities,and cash flows from financing activities.For each of the following events,state the section in which it would be listed.
a.Received cash from issuance of long-term note payable
b.Payment of interest (ASPE)
c.Repurchase of shares
d.Sale of land
e.Received cash from customers
f.Payment of dividends
g.Purchase of equipment
h.Issuance of 50 shares of common stock
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a.financing activity
b.operati...View Answer
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Correct Answer:
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b.operati...
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