Indicate whether each of the following activities would be reported on the statement of cash flows as (a) an operating activity, (b) an investing activity, or (c) a financing activity: 1. Cash received from fees earned. 2. Cash paid for expenses. 3. Cash paid for land. 4. Cash paid to owner for personal use.
Added by Gregory S.
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Cash received from fees earned is related to the company's main business operations, so it would be reported as an operating activity. Show more…
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