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:

Criminal Case

A legal proceeding against someone accused of committing a crime, where the government seeks to prove the defendant's guilt beyond a reasonable doubt.

Reasonable Doubt

The standard of evidence required in criminal trials that must be fulfilled by the prosecution to secure a conviction, indicating that there is no other logical explanation derived from the facts except that the defendant committed the crime.

Preponderance

A standard of proof in civil cases, indicating that something is more likely to be true than not.

Second-degree Felony

A category of crime considered serious, ranked below a first-degree felony, but still warranting significant punishment.