Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. example: identify the category of the statement of

Example: Identify the category of the statement of cash flows in which each transaction would...

80.2K

Verified Solution

Question

Accounting

Example: Identify the category of the statement of cash flows in which each transaction would be reported Operating (O), Investing (I), Financing (F) or (Non-Cash Investing and Financing Activity (NIF) and indicate whether the item increases (+) or decreases (-) cash.

o Purchased Equipment for Cash

o Issued Preferred Stock for Cash

o Cash Received From Sales to Customers

o Cash Paid to Vendors

o Gain on Sale of Building

o Cash Payment of Income Taxes

o Purchased Treasury Stock

o Paid a Note Payable with Shares of Companys Common Stock.

o Decrease in Salaries Payable

o Loss on Sale of Land

o Cash Receipt from Issuance of Common Stock

o Net Income o Issuance of Note Payable to Borrow Cash

o Cash Receipt of Interest

o Payment of Cash Dividend

o Increase in Merchandise Inventory

o Depreciation Expense

o Increase in Current Liabilities

o Cash Payment for Acquisition of Plant Assets

o Decrease in Current Assets (other than Cash)

o Decrease in Accrued Liabilities

o Cash Payment for Interest on Note Payable

o Decrease in Accounts Receivable

o Cash Payment on Note Payable

o Cash Purchase of Equipment FREE CASH

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students