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For Each of the Items, Select Where the Item Would

Question 42

Matching

For each of the items, select where the item would appear in the statement of cash flows using choices below:

Premises:
Prepaid rent.
Issued common stock in exchange for land.
Issued common stock to retire bonds payable.
Issued common stock for cash.
Purchased a building for cash.
Paid for merchandise purchased on account.
Paid interest on a short-term note payable.
Received cash from sale of equipment.
Received interest on loans to customers.
Responses:
investing activity
note below the statement of cash flows
operating activity
financing activity

Correct Answer:

Prepaid rent.
Issued common stock in exchange for land.
Issued common stock to retire bonds payable.
Issued common stock for cash.
Purchased a building for cash.
Paid for merchandise purchased on account.
Paid interest on a short-term note payable.
Received cash from sale of equipment.
Received interest on loans to customers.
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