Question

The following cash transactions occurred in five real-world companies:
1. In 2013, Delta Airlines purchased 44 new airplanes for $l billion.
2. Google, Inc., paid $3.2 billion to purchase Nest Labs in January 2014.
3. American Electric Power, Inc., borrowed $251 million using notes payable during the third quarter of 2013.
4. Vail Resorts, Inc., collected $1.1 billion in cash sales during its 2013 fiscal year.
5. On September 19, 2013, The Home Depot, Inc., paid $577 million of dividends.
6. In its 2013 fiscal year Nike, Inc., completed the sale of its Cole Haan and Umbro subsidiaries, receiving $786 million in cash.
Required
Determine if each of the above transactions should be classified as an operating, investing, or financing activity. Also, identify the amount of each cash flow and whether it was an inflow or an outflow.


$1.99
Sales0
Views33
Comments0
  • CreatedApril 20, 2015
  • Files Included
Post your question
5000