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Question 16.1: Classifying Cash Flows Identify whether each of the followi...

Classifying Cash Flows

Identify whether each of the following would be reported as an operating, investing, or financing activity in the statement of cash flows:

a.  Purchase of patent                                   d.  Cash sales
b.  Payment of cash dividend                      e.  Purchase of treasury stock
c.  Disposal of equipment                            f.  Payment of wages expense

 

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a.  Investing                        d.  Operating
b.  Financing                       e.  Financing
c.  Investing                         f.  Operating

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