Solved

Indicate the Reporting Classification That Would Apply to Each of the Following

Question 189

Matching

Indicate the reporting classification that would apply to each of the following transactions

Premises:
Interest received on cash savings account.
Cash purchase of inventory.
Cash dividends received under the equity method.
Principal payment on a note.
Distribution of a stock dividend.
Responses:
Operating cash outflow
Not reported for the statement of cash flows
Financing cash outflow
Operating cash inflow
Investing cash inflow

Correct Answer:

Interest received on cash savings account.
Cash purchase of inventory.
Cash dividends received under the equity method.
Principal payment on a note.
Distribution of a stock dividend.
Related Questions

Q182: In its 2018 Annual Report to Shareholders,

Q183: In its 2018 Annual Report to Shareholders,

Q184: What activities are included in the statement

Q185: Transactions that involve merely purchases or sales

Q186: Is depreciation a source of cash? Explain.

Q187: The sale of stock and the sale

Q188: What are the general guidelines for an

Q190: Indicate the reporting classification that would apply

Q191: Indicate the reporting classification that would apply

Q192: Indicate the reporting classification that would apply

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents