Classify each cash flow below as operating, O, investing, I, or financing, F. Indicate the effect on
Fantastic news! We've Found the answer you've been seeking!
Question:
Classify each cash flow below as operating, O, investing, I, or financing, F. Indicate the effect on cash by leaving the class letter plain if cash increases, or by placing a parenthesis around the letter if cash decreases, e.g., a financing outflow of cash would be designated (F) while an investing inflow of cash would be labeled (I).
____ 1. Cash paid for dividends.
____ 2. Cash collected from customers.
____ 3. Cash received when signing a note payable.
____ 4. Cash paid to employees.
____ 5. Cash paid to purchase equipment.
____ 6. Cash received from a sale of obsolete computers.
Related Book For
Posted Date: