Question: Classify each of the following transactions as increasing decreasing or

Classify each of the following transactions as increasing, decreasing, or having no effect on cash flows:
a. Prepaying rent for the month
b. Accruing the wages owed to employees at the end of the month, to be paid on the first payday of the next month
c. Selling bonds to investors
d. Buying the company’s own shares on the stock market
e. Selling merchandise to a customer who uses a debit card to pay for the purchase
f. Paying for inventory purchased earlier on account
g. Buying new equipment for cash
h. Selling surplus equipment at a loss
i. Paying the interest owed on a bank loan
j. Paying the income taxes owed for the year

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  • CreatedJune 11, 2015
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