Question

JULIUCULTICserIDUUNIS Sed Help Save & Exit Slide 10 10 of 13 chapter 12: Reporting Cash Flows Distinguish between operating, investing, and financing activities, and describe how noncash investing and financing activities are disclosed. Knowledge Check 02 The following transactions and events occurred during the year. Indicate how each transaction would appear on its statement of cash flows by selecting an appropriate category Collected cash from sale of equipment, Select Collected cash from customers on account select Operating Activity Investing Activity Financing Activity Noncash Investing and Financing Activity Collected dividends on investments in securities Converted preferred stock to common stock select submit answer & continue of 7 11 Next >

Answer 1

Collected cash from sale of equipment						Investing activities
collected cash from customers on account						operating activities
collected dividends on investments is securities						operating activities
converted preffered stock to common stock						noncash investing & financing activity
paid cash to purchase inventory						operating activities
paid cash to retire bonds payable						financing activities
paid cash dividend to shareholders						financing activities
paid cash to purchase a patent						Investing activities
borrowed cash from bank by signing a long term note payable						financing activities
paid cash to purchase long term investment securities						Investing activities
paid employees for salaries & wages						operating activities
paid interest on bonds payable						operating activities