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