Question
a) Indicate whether the following items are cash Inflows / cash Outflows or Non-Cash Flows (NCF). If it is a cash flow, classify the cash
a) Indicate whether the following items are cash Inflows / cash Outflows or Non-Cash Flows (NCF). If it is a cash flow, classify the cash flow as operating, investing or financing.
| 1 | Entity exchanges a building for some land |
|
| 2 | Purchased land costing $1,250,000 with deposit 250,000 and mortgage of 1,000,000 |
|
| 3 | Sold for $28,000 cash a plant asset with a carrying amount of $30,000 |
|
| 4 | Sale of inventory for cash |
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
978-1259307416
