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