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.Paid cash to retire long-term note payable
b.Payment of wages
c.Issuance of shares
d.Purchase of land
e.Amortization expense
f.Payment of dividends
g.Sale of equipment
h.Equipment rental fee
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a.financing activity
b.operating activit...View Answer
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Correct Answer:
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b.operating activit...
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