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For Each of the Following Items, Indicate Whether It Would

Question 113

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For each of the following items, indicate whether it would be classified as an operating activity, an investing activity, or a financing activity on the statement of cash flows.

Premises:
Cash payments for dividends paid to stockholders
Cash payments for taxes
Cash payments for the purchase of equipment
Cash proceeds from a long-term loan
Cash receipts from providing services
Cash proceeds from the sale of land
Cash payments for interest
Issuance of stock for cash
Responses:
Financing
Operating
Investing

Correct Answer:

Cash payments for dividends paid to stockholders
Cash payments for taxes
Cash payments for the purchase of equipment
Cash proceeds from a long-term loan
Cash receipts from providing services
Cash proceeds from the sale of land
Cash payments for interest
Issuance of stock for cash
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