Try another version of this question The statement of cash flows categorizes like transactions for optimal reporting. Identify each item as a(n):
Cash Flow Items Classification Increase in Prepaid Expense Net Income Acquiring equipment by issuing Note payable Loss on sale of land Depreciation expense Decrease in Accrued Liabilities Issuance of common stock Decrease in Merchandise Inventory Issuing a long-term note payable to borrow cash Cash sale of land Payment of cash dividend Payment of long-term debt Acquiring building for common stock Purchase of treasury stock Increase in Accounts Payable Increase in Salaries Payable Cash Flow Items Classification Increase in Prepaid Expense Operating - Net Income Operating + Acquiring equipment by issuing Note payable Non-Cash Loss on sale of land Operating + Depreciation expense Operating + Decrease in Accrued Liabilities Operating - Issuance of common stock Financing + Decrease in Merchandise Inventory Operating + Issuing a long-term note payable to borrow cash Financing + Cash sale of land Investing + Payment of cash dividend Financing - Payment of long-term debt Financing - Acquiring building for common stock Non-Cash Purchase of treasury stock Financing - Increase in Accounts Payable Operating + Increase in Salaries Payable Operating +