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

question 131

Essay

Classify each of the following transactions for the purpose of the statement of cash flow as operating activities (OA), investing activities (IA), financing activities (FA), or not reported on the statement of cash flows (NA).Sold land.Made adjusting entry to recognize interest revenue on investments.Borrowed funds from the bank.Paid rent in advance for the next six months.Paid cash to settle accrued salary expense.Purchased supplies on account.Collected accounts receivable.

---

Definitions:

General Goals

Broad objectives that an individual or organization aims to achieve, typically lacking specific details.

Improvements

Refers to the process of making something better or more effective through changes, upgrades, or enhancements.

Behaviourally Anchored Rating Scales

A performance appraisal method that uses specific examples of behavior to evaluate employees rather than abstract criteria.

Subjective Performance Measures

Assessment criteria based on personal judgments or opinions rather than on quantifiable data or objective indicators.