Classifying items on statement of cash flows Required Use the same abbreviations as in AP1-3A to classify
Question:
Classifying items on statement of cash flows
Required
Use the same abbreviations as in AP1-3A to classify each of the following transactions according to whether they are operating, financing, or investing activities:
a. Proceeds from the sale of an investment in another company’s shares
b. Acquisition of a business
c. Cash paid to suppliers of inventory
d. Acquisition of a long-term bank loan
e. Payment of advertising costs
f. Purchase of a truck used for deliveries
g. Payment of dividends
Data from in AP1-3A
O Operating activities item
I Investing activities item
F Financing activities item
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Related Book For
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley
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