Classification of Cash Flows For each of the items below, indicate whether the cash flow item relates to an operating activity, an investing activity, or a financing activity: a. Cash receipts from customers for services rendered Answer 1 Choose... b. Sale of long‑term investments for cash Answer 2 Choose... c. Acquisition of plant assets for cash Answer 3 Choose... d. Payment of income taxes Answer 4 Choose... e. Bonds payable issued for cash Answer 5 Choose... f. Payment of cash dividends declared in previous year Answer 6 Choose... g. Purchase of short‑term investments (not cash equivalents) for cash Answer 7 Choose...
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