Identify whether each of the following transactions results in a cash flow effect from operat-ing, investing, or
Question:
Identify whether each of the following transactions results in a cash flow effect from operat-ing, investing, or financing activities, and indicate the effect on cash (+ for increase and €“ for decrease). If there is no cash flow effect, write €œnone€:
Transcribed Image Text:
Operating, Investing, or Financing Effect Direction of the Effect Transaction Cash paid to suppliers Sale of goods on account Cash received from customers Purchase of investments for cash Cash paid for interest Issuance of shares for cash
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Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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