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Indicate Whether Each of These Items Is a Cash Flow

Question 99

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Indicate whether each of these items is a cash flow from operating activities, investing activities, or financing activities.

Premises:

Responses:

Paid cash for supplies

operating activities

Purchased equipment by paying cash

investing activities

Collected cash on account from customers

financing activities

Paid dividends to stockholders

Paid suppliers for fabric

Borrowed money from a bank on a long-term note

Paid interest to bank on the note

Paid wages to employees

Sold shares of common stock to new stockholders

Premises:

Paid cash for supplies

Purchased equipment by paying cash

Collected cash on account from customers

Paid dividends to stockholders

Paid suppliers for fabric

Borrowed money from a bank on a long-term note

Paid interest to bank on the note

Paid wages to employees

Sold shares of common stock to new stockholders

Responses:

operating activities

investing activities

financing activities

Correct Answer:

Premises:

Responses:

Paid cash for supplies

Purchased equipment by paying cash

Collected cash on account from customers

Paid dividends to stockholders

Paid suppliers for fabric

Borrowed money from a bank on a long-term note

Paid interest to bank on the note

Paid wages to employees

Sold shares of common stock to new stockholders

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