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