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

question 142

Short Answer

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) _____ Made adjusting entry to accrue salary expense at the end of the year
2) _____ Borrowed funds from the bank
3) _____ Paid rent for the month
4) _____ Paid cash to settle accounts payable
5) _____ Issued common stock for $30,000 cash
6) _____ Collected accounts receivable
7) _____ Paid cash to acquire land

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Definitions:

More Than Two Groups

A situation in statistical analysis where comparisons are made among three or more distinct groups or categories.

Two Groups

A reference to experimental designs where subjects are divided into two groups for comparison.

Single Group

Involves analyzing or obtaining data from one specific group or category, often used in research studies for comparison or to measure change over time.

Simple Analysis

A straightforward approach to data analysis that focuses on basic statistical techniques and models without involving complex computations.