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Indicate the Reporting Classification That Would Apply to Each of the Following

Question 191

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Indicate the reporting classification that would apply to each of the following transactions

Premises:
Acquisition of equipment by issuing bonds payable.
Repayment of long-term debt by issuing preferred stock.
Interest received on trading securities.
Cash sale of a patent at book value.
Loan of cash to a supplier in exchange for a six-month note receivable.
Responses:
Investing cash outflow
Noncash financing and investing activity
Financing cash outflow
Investing cash inflow
Operating cash inflow

Correct Answer:

Acquisition of equipment by issuing bonds payable.
Repayment of long-term debt by issuing preferred stock.
Interest received on trading securities.
Cash sale of a patent at book value.
Loan of cash to a supplier in exchange for a six-month note receivable.
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