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 Loss on sale of land Increase in Salaries Payable Payment of cash dividend Acquiring building for common stock Cash sale of land Issuing a long-term note payable to borrow cash Depreciation expense Payment of long-term debt Net Income Increase in Accounts Payable Decrease in Merchandise Inventory Purchase of treasury stock Issuance of common stock Decrease in Accrued Liabilities Increase in Prepaid Expense Acquiring equipment by issuing Note payable Cash Flow Items Classification Loss on sale of land Operating + Increase in Salaries Payable Operating + Payment of cash dividend Financing - Acquiring building for common stock Non-Cash Cash sale of land Investing + Issuing a long-term note payable to borrow cash Financing + Depreciation expense Operating + Payment of long-term debt Financing - Net Income Operating + Increase in Accounts Payable Operating + Decrease in Merchandise Inventory Operating + Purchase of treasury stock Financing - Issuance of common stock Financing + Decrease in Accrued Liabilities Operating - Increase in Prepaid Expense Operating - Acquiring equipment by issuing Note payable Non-Cash