For each of the following items, tell whether it is a cash inflow or cash outflow and
Question:
For each of the following items, tell whether it is a cash inflow or cash outflow and the section of the statement of cash flows in which the item would appear. (Assume the direct method isused.)
Transcribed Image Text:
Inflow or Outflovw Section of the Statement Item a. Cash collected from customers b. Proceeds from issue of stock c. Interest payment on loan d. Principal repayment on loan e. Cash paid for advertising f. Proceeds from sale of treasury stock g. Money borrowed from the local bank h. Cash paid to employees (salaries) i. Purchase of equipment for cash j. Cash paid to vendors for inventory k. Taxes paid
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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