Classify each of the following transactions as increasing, decreasing, or having no effect on cash flows: a.

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Classify each of the following transactions as increasing, decreasing, or having no effect on cash flows:
a. Purchasing inventory from a supplier on account
b. Purchasing office supplies and writing a cheque to cover the amount
c. Selling inventory to a customer on account
d. Buying a building by making a down payment and taking out a mortgage for the balance of the amount owed
e. Depreciating capital assets
f. Making a payment on a bank loan, where the amount paid includes interest and a portion of the principal
g. Issuing new shares
h. Declaring and paying dividends to shareholders
i. Paying wages owed to employees
j. Receiving interest owed from a customer
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Related Book For  book-img-for-question

Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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