Reference no: EM13914157
VIP Corporation engaged in the transactions that follow. Identify each transaction as (a) an operating activity, (b) an investing activity, (c) a financing activity, (d) a noncash transaction, or (e) not on the statement of cash flows. Assume the indirect method is used. (Hint: More than one answer may apply.)
1. Paid interest.
2. Increased dividends receivable.
3. Declared and paid a cash dividend.
4. Purchased a long-term investment.
5. Increased accounts receivable.
6. Sold equipment at a loss.
7. Issued long-term bonds for plant assets.
8. Issued common stock.
9. Declared and issued a stock dividend.
10. Decreased wages payable.
11. Purchased a 60-day Treasury bill.
12. Repaid notes payable.
13. Purchased land.
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