You are provided with the following transactions that took place during a recent fiscal year. Instructions Complete
Question:
Instructions
Complete the table indicating whether each item (1) affects operating (O) activities, investing (I) activities, financing (F) activities, or is a noncash (NC) transaction reported in a separate schedule; and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirectapproach.
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Statement of Cash Flow Activitv Affected Cash Inflow Outflow, or No Effect? Transaction (a) Recorded depreciation expense on the plant assets (b) Incurred a loss on disposal of plant assets. (c) Acquired a building by paying cash. (d) Made principal repayments on a mortgage (e) Issued common stock. (f) Purchased shares of another company to be held as a long-term equity investment. (g) Paid cash dividends to common stockholders. (h) Sold inventory on credit. The company uses a perpetual invent (i) Purchased inventory on credit. () Paid wages to employees. ory system.
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Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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