Classify each of the following transactions for the purpose of the statement of cash flow as operating activities (OA), investing activities (IA), financing activities (FA), or not reported on the statement of cash flows (NA).1)________ Sold land2)________ Received cash for services to be provided in the future3)________ Borrowed funds from the bank4)________ Paid rent in advance for the next six months5)________ Recognized depreciation expense6)________ Purchased supplies on account

Question

Quizplus · Accepted Answer

The Answer of Classify each of the following transactions for the purpose of the statement of cash flow as operating activities (OA), investing activities (IA), financing activities (FA), or not reported on the statement of cash flows (NA).1)________ Sold land2)________ Received cash for services to be provided in the future3)________ Borrowed funds from the bank4)________ Paid rent in advance for the next six months5)________ Recognized depreciation expense6)________ Purchased supplies on account

Classify Each of the Following Transactions for the Purpose of the Statement