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