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.
Codes:
I + investing activity; cash inflow
I - investing activity; cash outflow
F + financing activity; cash inflow
F - financing activity; cash outflow
O + operating activity; cash inflow
O - operating activity; cash outflow
NC noncash investing and financing activity
Events:
1. Paid the weekly payroll
2.Paid an account payable
3.Issued bonds payable for cash
4.Declared and paid a cash dividend
5. Paid cash for a new piece of equipment
6. Purchased treasury stock for cash
7. Paid cash for stock in another company
8.Received interest on a long-term bond investment
9. Received cash for sales
10. Sold a long-term stock investment for cash at book value
Correct Answer:
Verified
Q122: Income tax was $175,000 for the year.
Q124: When using the Spreadsheet (work sheet)method to
Q127: For each of the following, identify whether
Q129: Free cash flow is
A) all cash in
Q131: Free cash flow is flow cash from
Q132: Identify which section the statement of cash
Q133: The net income reported on the income
Q135: The income statement disclosed the following items
Q140: The cost of merchandise sold during the
Q150: Indicate whether each of the following would
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