Below are certain events that took place at Hazzard, Inc , last year a Short term investment securities were purchased b Equipment was purchased c Accounts payable increased d Deferred taxes liability decreased e Long term bonds were issued f Common stock was sold g A cash dividend was declared and...

Transaction Operating Investing Financing Source Use a Shortter ...

Below are certain events that took place at Hazzard, Inc. , last year: a. Short-term investment securities

Question:

Below are certain events that took place at Hazzard, Inc. , last year:
a. Short-term investment securities were purchased.
b. Equipment was purchased.
c. increased.
d. Deferred taxes liability decreased.
e. Long-term bonds were issued.
f. was sold.
g. A cash was declared and paid.
h. Interest was paid to long-term creditors.
i. A long-term mortgage was entirely paid off.
j. Inventories decreased.
k. The company recorded net income of $1 million for the year.
l. Depreciation charges totaled $200,000 for the year.
m. increased.
Required:
Prepare an answer sheet with the following headings:

Enter the events above on your answer sheet and indicate how each of them would be classified on a statement of cash flows. Place an X in the Operating, Investing, or Financing column and an X in the Source or Use column asappropriate.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...