Identify Each of the Following Transactions as an Operating Activity

question 107

Short Answer

Identify each of the following transactions as an operating activity (O),an investing activity (I),a financing activity (F),or a transaction that is not reported on the statement of cash flows (N).
a)________ Receipt of interest
b)________ Increase of accounts payable
c)________ Borrowed money from a bank
d)________ Purchase of building for cash
e)________ Declaration of cash dividends
f)________ Sold plant equipment for cash
g)________ Increase of accounts receivable
h)________ Payment on principal of a note

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Definitions:

Orphaned

In the context of customer accounts, refers to accounts that have lost their primary contact or representative, often requiring reassignment.

Pharmaceutical Sales

The specific area of sales focused on promoting and selling pharmaceutical products to healthcare professionals and organizations.

Management Position

A role within an organization characterized by overseeing operations and employees, making strategic decisions, and holding responsibility for outcomes.

Social Media Platforms

Online networks and websites that allow users to create, share, or exchange information, ideas, and content among communities.