a) Provide brief descriptions of operating, investing and financing activities as they relate to the classification of

Question:

a) Provide brief descriptions of operating, investing and financing activities as they relate to the classification of a statement of cash flow.
b) Classify each of the following as an operating, investing, financing or non-cash transaction, and, if the item is a cash transaction, indicate whether it is a cash inflow or cash outflow.
• Payment of a to shareholders
• Recording of an allowance for doubtful debts
• Payment of cash for a yearly insurance policy
• Owner withdrew $400 per month from the business for personal use.
• Collection of cash from a debtor
• Credit sale
• Payment for a second-hand computer
• Payment of salaries
• Repayment of money borrowed
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