Solved

Each of the Events Below May Have an Effect on the Statement

Question 158

Matching

Each of the events below may have an effect on the statement of cash flows. Designate how the event should be reported within the statement of cash flows using the codes provided below. Codes may be used more than once, or not at all.

Premises:

Responses:

Paid the weekly payroll

NC noncash investing and financing activity

Paid cash for a new piece of equipment

O- operating activity; cash outflow

Received cash for sales

\mathrm{F}+

financing activity; cash inflow

Issued bonds payable for cash

I + investing activity; cash inflow

Sold a long-term stock investment for cash at book value

I - investing activity; cash outflow

Received interest on a long-term bond investment

\mathrm{O}+

operating activity; cash inflow

Purchased treasury stock for cash

F - financing activity; cash outflow

Paid cash for stock in another company

Paid an account payable

Declared and paid a cash dividend

Premises:

Paid the weekly payroll

Paid cash for a new piece of equipment

Received cash for sales

Issued bonds payable for cash

Sold a long-term stock investment for cash at book value

Received interest on a long-term bond investment

Purchased treasury stock for cash

Paid cash for stock in another company

Paid an account payable

Declared and paid a cash dividend

Responses:

NC noncash investing and financing activity

O- operating activity; cash outflow

\mathrm{F}+

financing activity; cash inflow

I + investing activity; cash inflow

I - investing activity; cash outflow

\mathrm{O}+

operating activity; cash inflow

F - financing activity; cash outflow

Correct Answer:

Premises:

Responses:

Paid the weekly payroll

Paid cash for a new piece of equipment

Received cash for sales

Issued bonds payable for cash

Sold a long-term stock investment for cash at book value

Received interest on a long-term bond investment

Purchased treasury stock for cash

Paid cash for stock in another company

Paid an account payable

Declared and paid a cash dividend

Related Questions

Q149: Identify the section of the statement of

Q153: Indicate whether each of the following would

Q154: For each of the following, identify whether

Q155: Kennedy, Inc. reported the following data:

Q156: State the section(s) of the statement

Q157: Fortune Corporation's comparative balance sheet for

Q160: Indicate the section in which each of

Q161: The comparative balance sheet of ConnieJo

Q162: The following two scenarios are independent of

Q163: An analysis of the general ledger accounts

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

Scan the QR code to install the App and get 2 free unlocks

Unlock quizzes for free by uploading documents