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    Classifying Transactions on a Statement of Cash Flows

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    Classifying transactions on a Statement of Cash Flows

    Transaction Source, Use Activity Reported in a Separate Not on the
    or Neither Operating Investing Financing Schedule Statement
    Common stock was sold for cash.
    Interest was paid on a note, decreasing Interest Payable

    Bonds were retired.
    A long-term loan was made to a subsidiary.

    Interest was receivedon the loan
    in (d) above, reducing Interest
    A stock dividend was declared and issued on common stock.

    A building was acquired by issuing shares of common stock.

    Equipment was sold for cash.
    Short-term investments sold.
    Cash dividends were declared and paid.
    Preferred stock was converted into common stock.
    Declared Income Taxes, a long-term liability, was reduced.
    Dividends were received on stock of another company held as an investment.
    Equipment was purchased by giving a long-term note to seller.

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    Solution Summary

    Classifications are given for you and a comment is made about how to handle the non-cash transactions.