Classify each of the following items as a source or use of cash. If the item is
Question:
Classify each of the following items as a source or use of cash. If the item is a source or use of cash, then classify each item as a cash flow provided by an operating, investing, or financingactivity.
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Type of Cash FlowType of Activity Source Use Not a Cash Flow Operating ng Financing 1. C&C orders $50,000 of fabric from Bradley Textile Mills 2. C&C pays $100,000 to Bradley Textile Mills for fabric it ordered last month 3. C&C receives a $1,200 order from Central High School for 100 pairs of baseball pants 4. C&C pays cash for $13,000 of Nike stock 5. C&C pays $500 in interest due on its long-term debt 6. C&C pays $800 cash for a new sewing machine 7. C&C makes a $20,000 payment on its long-term debt 8. C&C borrows $25,000 from the bank to maintain its minimum required cash balance 9. C&C receives an order from South Avenue High School for 10 award jackets, accompanied by a check for the full amount of the order, $1,250 10. C&C sells an old computer to an employee for $50 cash
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