Solved

Match Each of the Following Line Items with the Type

Question 260

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:

purchase of a building in exchange for stock

investing activities

payment of interest

operating activities

recognition of amortization expense

financing activities

purchase of office supplies

noncash item

issuance of stock

Premises:

purchase of a building in exchange for stock

payment of interest

recognition of amortization expense

purchase of office supplies

issuance of stock

Responses:

investing activities

operating activities

financing activities

noncash item

Correct Answer:

Premises:

Responses:

purchase of a building in exchange for stock

payment of interest

recognition of amortization expense

purchase of office supplies

issuance of stock

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