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Each of the Events Below May Have an Effect on the Statement

Question 160

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Each of the events below may have an effect on the statement of cash flows. Designate how the event should be reported within the statement of cash flows. Codes may be used more than once, or not at all.

Premises:
Paid an account payable
Paid cash for stock in another company
Sold a long-term stock investment for cash at book value
Paid the weekly payroll
Declared and paid a cash dividend
Paid cash for a new piece of equipment
Purchased treasury stock for cash
Received cash for sales
Received interest on a long-term bond investment
Issued bonds payable for cash
Responses:
Investing activity; cash inflow (I+)
Financing activity; cash outflow( F-)
Investing activity; cash outflow (I-)
Operating activity; cash outflow (O-)
Operating activity; cash inflow (O+)
Financing activity; cash inflow (F+)
Noncash investing and financing activity (NC)

Correct Answer:

Paid an account payable
Paid cash for stock in another company
Sold a long-term stock investment for cash at book value
Paid the weekly payroll
Declared and paid a cash dividend
Paid cash for a new piece of equipment
Purchased treasury stock for cash
Received cash for sales
Received interest on a long-term bond investment
Issued bonds payable for cash
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