AllStar Automotive Company experienced the following accounting events during Year :
Performed services for $ cash.
Purchased land for $ cash.
Hired an accountant to keep the books.
Received $ cash from the issue of common stock.
Borrowed $ cash from State Bank.
Paid $ cash for salaries expense.
Sold land for $ cash.
Paid $ cash on the loan from State Bank.
Paid $ cash for utilities expense.
Paid a cash dividend of $ to the stockholders.
Required
Indicate how each of the events would be classified on the statement of cash flows by selecting operating activities, investing activities, or financing activities.
Indicate how each of the events would be classified on the statement of cash flows by selecting operating activities, investing
activities, or financing activities.
