Activity: 2 Instruction: Indicate whether the transaction is to be presented in the statement of cash flows under Operating activities (OA), Investing activities (IA), or Financing activities (FA).
Quiz by Mary Mildred De Jesus
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15 questions
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- Q1Cash Payments for salaries expenseOAIAFANA30s
- Q2Cash Payments for purchased of inventoryIAOAFANA30s
- Q3Cash receipts from additional contributions of the owner to the businessIAFANAOA30s
- Q4Cash payments on drawings by the ownerNAFAOAIA30s
- Q5Cash payments for interest expenseFAOANAIA30s
- Q6Cash receipts on loan borrowingsFAIAOANA30s
- Q7Cash payments for the acquisition of buildingIANAFAOA30s
- Q8Cash receipts from the sale of goodsIAOAFANA30s
- Q9Cash receipts from sale of landOAIANAFA30s
- Q10Cash payment on freight-outFAOAIANA30s
- Q11Acquisition of equipment by issuing a note payableIANAOAFA30s
- Q12Cash payment of settlement of accounts payableIAOAFANA30s
- Q13Cash receipts from sale of equipmentIANAFAOA30s
- Q14Sale of goods on account.OAIAFANA30s
- Q15Cash payments on repayment of loansIAOANAFA30s