Designate How Each Transaction Would Be Reported on the Statement

question 68

Essay

Designate how each transaction would be reported on the statement of cash flows using OP for operating activities,IN for investing activities,FI for financing activities,I for an inflow of cash and O for an outflow of cash.If the transaction is included only in a supplemental schedule,denote this as SS.
$\begin{array}{lccc}&\text { Section } & \text { Inflow or Outflow } \\\text { Outflow } & \\\text { 1. Paid cash dividends} & ---------&--------- \\\text { 2. Purchased 6 months of insurance in advance} & ---------&--------- \\\text { 3. Sold inventory for cash} & ---------&--------- \\\text { 4. Purchased equipment signing a two-year note} & ---------&--------- \\\text { 5. Collected accounts receivable balance from a customer} & ---------&--------- \\\text { 6. Sold shares of another company's stock held for speculative purposes} & ---------&--------- \\\text { 7. Reclassified a note from long term to short term} & ---------&--------- \\\text { 8. Issued bonds at a premium }& ---------&--------- \\\end{array}$

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Definitions:

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