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