Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows.
a. Payment of accounts payable
b. Payment for administrative expenses
c. Purchase of land
d. Issuance of common stock
e. Retirement of bonds payable
f. Cash received from customers
Answer:
a. Operating
b. Operating
c. Investing
d. Financing
e. Financing
f. Operating