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Classify each of the following as a(n) Operating Activity, Investing Activity, or Financing Activity. 1. Issuance of bonds. select a type of activity 2. Sale of equipment. select a type of activity 3. Amortization expense. select a type of activity 4. Purchase of treasury stock. select a type of activity 5. Receipt of dividends on investment. select a type of activity 6. Purchase of land. select a type of activity

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Answer:

1. Issuance of bonds

Cash-flow classification: Financing activity

2. Sale of equipment

Cash-flow classification: Investing activity

3. Amortization expense

Cash-flow classification: Operating activity

4. Purchase of treasury stock

Cash-flow classification: Financing activity

5. Receipt of dividends on investment

Cash-flow classification: Operating activity

6. Purchase of land

Cash-flow classification: Investing activity

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