The statement of cash flows classifies cash receipts and payments into the following categories:A. OperatingB....
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Accounting
The statement of cash flows classifies cash receipts and payments into the following categories:A OperatingB. InvestingC. FinancingD. Noncash investing and financingFor each of the following transactions, use the letters above to indicate the appropriate classification category you may have more than one answer for a line Purchase of a building with half cash, the other half financed with a longterm note payable Payment of principal on longterm notes payable Payment of employee salaries Recorded amortization expense on intangible assets Declaration and payment of cash dividends to shareholders Collection of cash from customers Issuance of bonds payable to retire preferred stock Cash proceeds from longterm notes payable Payment of interest on longterm notes payable Purchase of common stock of another corporation for cash treated as an AFS available for sale investment Sale of equipment for cash Repurchase of treasury stock for cash Recorded depreciation expense on equipment Held to maturity investments were sold for a gain
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