Question

For each of the events listed below, select the category that best describes its effect on...

For each of the events listed below, select the category that best describes its effect on a statement of cash flows. Your categories are as follows:

a - Cash provided/used by operating activities

b - Cash provided/used by investing activities

c - Cash provided/used by financing activities

d - Not a cash flow item

Events:

_____ 1. Payment on long-term debt

_____ 2. Issuance of bonds at a premium

_____ 3. Collection of accounts receivable

_____ 4. Cash dividends declared

_____ 5. Issuance of shares to acquire land

_____ 6. Sale of marketable securities (long-term)

_____ 7. Payment of employees' wages

_____ 8. Issuance of common shares for cash

_____ 9. Payment of income taxes payable

____ 10. Purchase of equipment

_____ 11. Purchase of treasury stock (common)

_____ 12. Sale of real estate held as a long-term investment

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Homework Answers

Answer #1

1. c. Cash provided/used by financing activities.

2. c. Cash provided/used by financing activities.

3. a. Cash provided/used by operating activities

4. d. Not a cash flow item.

5. d. Not a cash flow item.

6. b. Cash provided/used by investing activities.

7. a. Cash provided/used by operating activities.

8. c. Cash provided/used by financing activities

9. a. Cash provided/used by operating activities.

10. b. Cash provided/used by investing activities.

11. c. Cash provided/used by financing activities

12. b. Cash provided/used by investing activities.

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