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

Question 137

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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 using the codes provided below. Codes may be used more than once, or not at all.

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

Correct Answer:

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