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

question 127

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 receivable
2)_____Made adjusting entry to accrue salary expense at the end of the year
3)_____Borrowed funds from the bank
4)_____Paid rent for the month
5)_____Paid cash to settle accounts payable
6)_____Issued common stock for $30,000 cash
7)_____Paid cash to acquire land

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Definitions:

Higgins's

Referring to the theories or models proposed by psychologist Tory Higgins, often related to self-discrepancy theory and motivation.

Prevention

Actions or measures taken to stop something undesirable, such as illness or accidents, from happening.

Congruence

The agreement or harmony between thoughts, feelings, and behaviors, or the geometric concept where figures are identical in shape and size.

Carl Rogers

An influential American psychologist who founded client-centered therapy and emphasized the importance of unconditional positive regard in the therapeutic process.