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

question 41

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).1)________ Collected accounts receivable2)________ Made adjusting entry to accrue salary expense at the end of the year3)________ Borrowed funds from the bank4)________ Paid cash to settle accounts payable5)________ Issued common stock for $30,000 cash6)________ Paid cash to acquire land

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Definitions:

Peroxide-Based

Referring to products or compounds that contain peroxide, a chemical that acts as a bleaching agent or disinfectant.

Fecal Occult

A medical test used to check stool samples for hidden (occult) blood, which can be an indicator of colorectal cancer or other digestive system conditions.

Rectal Examination

A medical procedure used to check for abnormalities of the rectum, anal canal, or prostate.

Soiled Materials

Objects or fabrics contaminated with potentially infectious substances such as bodily fluids, dirt, or other pollutants.