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