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