1)
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows:
| a. Repurchase of common stock | |
| b. Cash received from customers | |
| c. Payment of accounts payable | |
| d. Retirement of bonds payable | |
| e. Purchase of equipment | |
| f. Purchase of inventory for cash |
2)
| a. Purchase of investments | |
| b. Disposal of equipment | |
| c. Payment for selling expenses | |
| d. Collection of accounts receivable | |
| e. Cash sales | |
| f. Issuance of bonds payable |
1)
| a. Repurchase of common stock | Financing activity |
| b. Cash received from customers | Operating activity |
| c. Payment of accounts payable | Operating activity |
| d. Retirement of bonds payable | Financing activity |
| e. Purchase of equipment | Investing activity |
| Purchase of inventory for cash | Operating activity |
2)
| a. Purchase of investments | Investing activity |
| b. Disposal of equipment | Investing activity |
| c. Payment for selling expenses | Operating activity |
| d. Collection of accounts receivable | Operating activity |
| e. Cash sales | Operating activity |
| f. Issuance of bonds payable | Financing activity |
