Analyze each transaction listed below using the following header for formatting. Place Xs in the appropriate columns
Question:
Analyze each transaction listed below using the following header for formatting. Place Xs in the appropriate columns to indicate the transaction’s classification and its effect on cash flows using the indirect method.
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Cash Flow Classification Effect on Cash Flows Operating Investing Financing Noncash Transaction Activity Activity Activity Transaction Increase Decrease Effect 1. Increased accounts payable. 2. Decreased inventory. 3. Increased prepaid insurance. 4. Earned a net income. 5. Declared and paid a cash dividend. 6. issued stock for cash. 7. Retired long-term debt by issuing tock 8. Purchased a long-term investment with cash 9. Sold trading securities at a gain. 10. Sold a machine at a loss 11. Retired fully depreciated equipment. 12. Decreased interest payable. 13. Purchased available-for-sale securities 14. Decreased dividends receivable. 15. Decreased accounts recelvable. 16. Converted bonds to common stock. 17. Purchased 90-day Treasury bill.
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