Classify the Following Activities According to the Appropriate Section of the Statement

question 62

Short Answer

Classify the following activities according to the appropriate section of the statement of cash flows.
a. Operating activity
b. Investing activity
c. Financing activity
1. Cash received from a one-time sale of used office equipment.
____ 2. Cash paid for withdrawals by owners.
____ 3. Cash received from customers.
____ 4. Cash received from owner contributions.
____ 5. Cash paid for utilities.
____ 6. Cash paid for a delivery van to be used in the business.

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Definitions:

Claims

Statements or assertions, often supported by evidence, made to support arguments or positions in various contexts.

Adjustments

Changes or modifications made to improve a situation, process, or product, or to correct errors.

Faulty Merchandise

Products that have defects or do not meet the quality or performance standards.

Positive Message

Communication that focuses on positive aspects, often intended to motivate or encourage.