Classify Each of the Following Transactions for the Purpose of the Statement

question 142

Essay

Classify each of the following transactions for the purpose of the statement of cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or not reported on the statement of cash flows (NA).Collected accounts receivableMade adjusting entry to accrue salary expense at the end of the yearBorrowed funds from the bankPaid rent for the monthPaid cash to settle accounts payableIssued common stock for $30,000 cashPaid cash to acquire land

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Definitions:

Megalopolis

A large, heavily populated urban complex that includes several cities and their suburban peripheries.

College Graduates

Individuals who have completed a college-level education, earning an associate degree, bachelor's degree, or higher.

Risk Neutral

Condition of being indifferent between a certain income and an uncertain income with the same expected value.

Business Success

The achievement of financial and operational goals within a business, often measured by profitability, market share, or other performance indicators.