Indicate how each item should be classified in the statement of cash flows using these...
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Accounting
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity investing activity, financing activity, and significant noncash investing and financing activity. Transaction Classifications a Payment of interest on bank loan b Exchange of land for patent c Disposal of building at carrying amount d Payment of dividends e Purchase of inventory f Conversion of bonds payable into common shares g Receipt of interest on notes receivable h Issue of common shares i Payment of salaries j Issue of bonds for land k Purchase of land
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity investing activity, financing activity, and significant noncash investing and financing activity.
Transaction Classifications
a Payment of interest on bank loan
b Exchange of land for patent
c Disposal of building at carrying amount
d Payment of dividends
e Purchase of inventory
f Conversion of bonds payable into common shares
g Receipt of interest on notes receivable
h Issue of common shares
i Payment of salaries
j Issue of bonds for land
k Purchase of land
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