Question
Analyse the below transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or a noncash investing
Analyse the below transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or a noncash investing and financing activity.
Declared and paid a cash dividend of $25 000
Answer 1
Choose...
Operating activity
Financing activity
Investing activity
Paid $18 000 on accounts payable
Answer 2
Choose...
Operating activity
Financing activity
Investing activity
Receipt of interest on notes receivable
Answer 3
Choose...
Operating activity
Financing activity
Investing activity
Merchandise is sold to customers for cash
Answer 4
Choose...
Operating activity
Financing activity
Investing activity
Cash is paid to purchase inventory
Answer 5
Choose...
Operating activity
Financing activity
Investing activity
Sold a long-term investment with a cost of $15 000 for $15 000 cash
Answer 6
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
5th Edition
0730313743, 978-0730313748
