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Designate How Each Transaction Would Be Reported on the Statement

Question 39

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Designate how each transaction would be reported on the statement of cash flows using OP for operating activities,IN for investing activities,FI for financing activities,I for an inflow of cash and O for an outflow of cash.If the transaction is included only in a supplemental schedule,denote this as SS.
 Section  Inflow or Outflow  Outflow  1. Paid cash dividends 2. Purchased 6 months of insurance in advance 3. Sold inventory for cash 4. Purchased equipment signing a two-year note 5. Collected accounts receivable balance from a customer 6. Sold shares of another company’s stock held for speculative purposes 7. Reclassified a note from long term to short term 8. Issued bonds at a premium \begin{array}{lccc}&\text { Section } & \text { Inflow or Outflow } \\\text { Outflow } & \\\text { 1. Paid cash dividends} & ---------&--------- \\\text { 2. Purchased 6 months of insurance in advance} & ---------&--------- \\\text { 3. Sold inventory for cash} & ---------&--------- \\\text { 4. Purchased equipment signing a two-year note} & ---------&--------- \\\text { 5. Collected accounts receivable balance from a customer} & ---------&--------- \\\text { 6. Sold shares of another company's stock held for speculative purposes} & ---------&--------- \\\text { 7. Reclassified a note from long term to short term} & ---------&--------- \\\text { 8. Issued bonds at a premium }& ---------&--------- \\\end{array}


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