Classify each of the following activities as being either operating, investing or financing for the purpose of preparing a statement of cash flows Indicate whether there is an inflow (I) or outflow (O) of cash (a) Sale of land and buildings for cash (b) Payment of wages to employees (c) Withdrawal of cash by the owner (d) Repayment of a bank loan (e) Cash purchase of a truck by a manufacturing company (f) Lease of a fleet of motor vehicles by a courier business (g) Borrowing of money from a finance company on a long term basis (h) Cash received from customers for the sale of goods

Question: Classify each of the following activities as being either operating, investing or financing for the purpose of preparing a statement of cash flows. Indicate whether

Classify each of the following activities as being either operating, investing or financing for the purpose of preparing a statement of cash flows. Indicate whether there is an inflow (I) or outflow (O) of cash:

(a) Sale of land and buildings for cash

(b) Payment of wages to employees

(d) Repayment of a bank loan

(e) Cash purchase of a truck by a manufacturing company

(f) Lease of a fleet of motor vehicles by a courier business

(g) Borrowing of money from a finance company on a long-term basis

(h) Cash received from customers for the sale of goods

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