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