Classify Activities as operating, investing, financing
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Classify each of the following as an operating activity (OA), an investing activity (IA), a financing activity (FA), or a non-cash flow transaction (NT). In addition, for each transaction, state whether it is a cash inflow (CI) or cash outflow (CO). For example, payments to employees would be (OA) and (CO).
1.Proceeds from issuance of debt.
2.Payments for taxes.
3.Purchase of short-term investments.
4.Collections of dividends.
5.Payment of long-term debt.
6.Proceeds from sale of fixed assets (plant and equipment).
7.Payments to suppliers of goods and services.
8.Proceeds from sales of short-term investments.
9.Declaration of a stock split.
10.Collections from customers.
11.Payment of cash dividends.
12.Proceeds from issuance of common or preferred stock.
13.Payments to employees.
14.Purchases of fixed assets (plant and equipment).
15.Collections of interest.
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Solution Summary
The solution classifies all the activities into operating activity (OA), an investing activity (IA), a financing activity (FA), or a non-cash flow transaction (NT). The activities are also classified as a cash inflow (CI) or cash outflow (CO).
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1.Proceeds from issuance of debt. (FA) (CI)
2.Payments for taxes. (OA) (CO)
3.Purchase of short-term investments. (IA) (CO)
4.Collections of dividends. (IA) (CI)
5.Payment of ...
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