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