Matching
Indicate the reporting classification that would apply to each of the following transactions
Premises:
Interest received on cash savings account.
Cash purchase of inventory.
Cash dividends received under the equity method.
Principal payment on a note.
Distribution of a stock dividend.
Responses:
Operating cash outflow
Not reported for the statement of cash flows
Financing cash outflow
Operating cash inflow
Investing cash inflow
Correct Answer:
Premises:
Responses:
Interest received on cash savings account.
Cash purchase of inventory.
Cash dividends received under the equity method.
Principal payment on a note.
Distribution of a stock dividend.
Premises:
Interest received on cash savings account.
Cash purchase of inventory.
Cash dividends received under the equity method.
Principal payment on a note.
Distribution of a stock dividend.
Responses:
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