Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (I), financing (F), or non-cash (N).
Cash Flow Items | Category |
---|---|
Purchase of equipment in exchange for notes payable. | |
Cash receipt from the sale of land. | |
Cash purchase of merchandise inventory. | |
Cash receipt for interest income. | |
Cash received from borrowing money. | |
Cash receipt from the collection of long-term notes receivable. | |
Cash receipt from the issuance of common stock. | |
Cash payment for income taxes. | |
Cash payment of dividends. | |
Cash payment of salaries. |