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6.7 LO2/3 Classify each of the following items as: a. ash or non-cash b. if cash, whether an inflow or outflow c. if cash, what
6.7 LO2/3 Classify each of the following items as: a. ash or non-cash b. if cash, whether an inflow or outflow c. if cash, what type of activity (operating, investing, financing). A Credit sales to customers Cash received from customers Interest paid Increase in long-term loan E Advance to employees F Bonus issue of shares G Profit on sale of equipment H Purchase of equipment Depreciation of equipment Revaluation upwards of land K Proceeds on sale of equipment Cash paid to suppliers M Interest received Cash or non-cash Inflow or outflow Activity
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