Question: Q4 (a) Categorize each traction in Table Q4(a) as either an addition (+) or subtraction (-) in the following activities: Operating activity-addition to net
Q4 (a) Categorize each traction in Table Q4(a) as either an addition (+) or subtraction (-) in the following activities: Operating activity-addition to net income (0+), or subtraction from income (0-) Investing activity-addition to cashflow(1+) or subtraction from cash flow (1-) Financing activity-addition to cashflow(F+) or subtraction from cash flow (F-) Table Q4(a): Journal Entries of Business Transaction Business Transaction L Cash Common stock ii. Treasury stock Cash Land Cash iv. Depreciation expense Accumulated depreciation expense V. Dividends payable Cash vi. Cash Equipment Vil. Bonds payable Cash viii. Loss on disposal of equipment Equipment, net ix. Cash x. Accounts receivable Dividend Cash Addition(+) Subtraction(-) 5 marks) (b) State TWO (2) examples of non-cash investing and financing activities. (2 marks)
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