Short Answer
Classify the following activities according to the appropriate section of the statement of cash flows.
a. Operating activity
b. Investing activity
c. Financing activity
____ 1. Cash received from a one-time sale of used office equipment.
____ 2. Cash paid for dividends to stockholders.
____ 3. Cash received from customers.
____ 4. Cash received from owner contributions.
____ 5. Cash paid for utilities.
____ 6. Cash paid for a delivery van to be used in the business.
Correct Answer:

Verified
1. B; 2. C...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q99: The accounts of Odie Company with the
Q110: Contessa Company collected $42,000 cash on its
Q146: _ explains changes in the stockholders' claim
Q156: A corporation is:<br>A)A business legally separate from
Q173: External users of accounting information include all
Q229: The accounting equation for Ying Company shows
Q230: Risk is the uncertainty about the return
Q239: Net income occurs when revenues exceed expenses.
Q242: An income statement reports on investing and
Q245: The accounting equation implies that: Assets +