Solved

Match Each of the Following Line Items with the Type

Question 259

Matching

Match each of the following line items with the type of activity found on the statement of cash flows.Each activity can be used more than once.

Premises:

Responses:

sale of used equipment

noncash item

purchase of equipment with cash

investing activities

purchase of treasury stock

operating activities

purchase of equipment by issuing a note payable

financing activities

Premises:

sale of used equipment

purchase of equipment with cash

purchase of treasury stock

purchase of equipment by issuing a note payable

Responses:

noncash item

investing activities

operating activities

financing activities

Correct Answer:

Premises:

Responses:

sale of used equipment

purchase of equipment with cash

purchase of treasury stock

purchase of equipment by issuing a note payable

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