Question: Listed below are several transactions. For each transaction, Indicate whether the cash effect of each transaction is reported in a statement of cash flows as
Listed below are several transactions. For each transaction, Indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, Investing, financing, or noncash activity. Also, indicate whether the transaction is a cash Inflow or cash outflow, or has no effect on cash. The first answer is provided as an example, Type of Transaction Activity Financing Cash Inflow or Outflow Cash inflow Cash inflow Investing 1. Issuance of common stock 2. Sale of land for cash. 3. Purchase of treasury stock. 4. Collection of an account receivable 5. Issuance of a note payable Cash Inflow Investing Noncash Purchase of inventory Financing 7. Repayment of a note payable 8. Payment of employee salaries 9. Sale of equipment for a not receivable. 10. Issuance of bonds 11. Investment in bonds 12. Payment of interest on bonds payable 13. Payment of a cash dividend e 14. Purchase of a building 15. Collection of a note receivable Noncash Financing Operating Noncash Noncash Financing Cash outflow No effect Cash inflow No offect Cash outflow Cash outflow No effect Cash Inflow Financing investing Cash outflow Cash outflow Cash inflow Investing
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