Part 1: Cash inflows and outflows that involve purchases and sales of inventory, as well...

50.1K

Verified Solution

Question

Accounting

Part 1:

Cash inflows and outflows that involve purchases and sales of inventory, as well as payments for operating expenses, are classified as:

Purchasing cash flows

Investing cash flows

Financing cash flows

Operating cash flows

Part 2:

When a company issues/borrows long-term debt, this is considered:

A financing cash outflow (decrease)

An operating cash outflow (decrease)

An investing cash inflow (increase)

An investing cash outflow (decrease)

A financing cash inflow (increase)

Part 3:

Which of the following options relates to the financing section of a Statement of Cash Flows?

Changes in salaries payable

Payment of dividends

Changes in plant assets

Changes in accounts payable

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