The following is a list of transactions that took place during the year: Instructions (a) Classify each

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The following is a list of transactions that took place during the year:

Instructions
(a) Classify each of the above transactions as an operating activity (O), investing activity (I), financing activity (F), or non cash investing and financing activity (NC). If it does not fit into one of these classifications, indicate that there is no effect (NE). The first one has been done for you as an example.
(b) Specify if the transaction will result in a cash receipt (+), cash payment (-), or have no effect on cash (NE).
(c) Indicate if the transaction will increase (+), decrease (-), or have no effect (NE) on profit.
(d) Explain how it is possible for the same transaction to affect cash and profit differently?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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