Operating, Financing & Investing Flashcards
1
Q
Cash
A
Financing
2
Q
Accounts Receivable
A
Operating
3
Q
Merchandise Inventory
A
Operating activities
4
Q
Account Payable
A
Operating Activities
5
Q
Income Tax Payable
A
Operating Activities
6
Q
Issuance of Common stock for cash
A
Financing activities
7
Q
Depreciation expense
A
Operating Activities
8
Q
Purchase of equipment with cash
A
Investing activities
9
Q
Acquisition of land by issuing long-term notes Payable
A
Investing activities
10
Q
Book value of building sold
A
Investing activities
11
Q
Payment of notes Payable
A
Financing activities
12
Q
Payment of cash dividends
A
Financing activities
13
Q
Issuance of notes Payable to borrow cash
A
Financing
14
Q
Gain of sale of building
A
Operating Activities
15
Q
Net income
A
Operating
