Indicate how each item should be classified in the

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Reference no: EM13571098

An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Judd Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary.

Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity.

(a)	Payment of interest on notes payable.	Financing ActivityNoncash Investing and Financing ActivityInvesting ActivityOperating Activity

(b)	Exchange of land for patent.	Noncash Investing and Financing ActivityInvesting ActivityFinancing ActivityOperating Activity

(c)	Sale of building at book value.	Investing ActivityOperating ActivityFinancing ActivityNoncash Investing and Financing Activity

(d)	Payment of dividends.	Noncash Investing and Financing ActivityInvesting ActivityFinancing ActivityOperating Activity

(e)	Depreciation.	Investing ActivityFinancing ActivityOperating ActivityNoncash Investing and Financing Activity

(f)	Conversion of bonds into common stock.	Noncash Investing and Financing ActivityFinancing ActivityInvesting ActivityOperating Activity

(g)	Receipt of interest on notes receivable.	Operating ActivityInvesting ActivityNoncash Investing and Financing ActivityFinancing Activity

(h)	Issuance of capital stock.	Noncash Investing and Financing ActivityInvesting ActivityFinancing ActivityOperating Activity

(i)	Amortization of patent.	Financing ActivityInvesting ActivityOperating ActivityNoncash Investing and Financing Activity

(j)	Issuance of bonds for land.	Investing ActivityOperating ActivityNoncash Investing and Financing ActivityFinancing Activity

(k)	Purchase of land.	Noncash Investing and Financing ActivityOperating ActivityFinancing ActivityInvesting Activity

(l)	Receipt of dividends on investment in stock.	Investing ActivityNoncash Investing and Financing ActivityFinancing ActivityOperating Activity

(m)	Loss on disposal of plant assets.	Financing ActivityOperating ActivityInvesting ActivityNoncash Investing and Financing Activity

(n)	Retirement of bonds.	Financing ActivityInvesting ActivityOperating ActivityNoncash Investing and Financing Activity

Reference no: EM13571098

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