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