ATC 1-3 (Static) Real-World Case: Classifying cash flow activities at five companies LO 1-1, 1-2, 1-3,1-4, 1- 5, 1-6, 1-7, 1-8, 1-9, 1-10 The following cash transactions occurred in five real-world companies. Required Determine if each of the given transactions should be classified as an operating, investing, or financing activity. Also, identify the amount of each cash flow and whether it was an inflow or an outflow. Transaction 1. During the third quarter of 2019 (July 1 through September 30), Snap, Incorporated, the company that produces Snapchat, borrowed $1.3 billion using notes payable. In August, 2019, Occidental Petroleum Corporation announced that it was paying $29.4 billion in 2. cash to the shareholders of Anadarko Petroleum Corporation as a part of its acquisition of the company. 3. 4. 5. During the third quarter of 2019 (July 1 through September 30), Comcast Corporation paid approximately $12.4 billion for operating expenses. During 2018, Newell Brands, Incorporated sold some of its business units, including Goody Products and Rawlings Sporting Goods. These sales generated cash inflows of $5.1 billion. During the second quarter of its 2020 fiscal year (August 18 through November 9, 2019) The Kroger Co. paid $356 million of dividends. During the third quarter of 2019 (July 1 through September 30), MasterCard, Incorporated 6. collected approximately $4.0 billion in cash from revenue related to the services it provided. Type of Activity Cashflo Exercise 1-3A (Static) Identifying the reporting entities LO 1-2 Karen White helped organize a charity fund to help cover the medical expenses of her friend, Vicky Hill, who was seriously injured in a bicycle accident. The fund was named the Vicky Hill Recovery Fund (VHRF). Karen contributed $1,000 of her own money to the fund. The $1,000 was paid to WKUX, a local radio station that designed and played an advertising campaign to educate the public about Vicky's predicament. The campaign resulted in the collection of $20,000 cash, and VHRF paid $12,000 to Mercy Hospital to cover Vicky's outstanding hospital cost. The remaining $8,000 was donated to the National Cyclist Fund. Required Identify the entities mentioned in the scenario and explain what happened to the cash accounts of each entity you identify. Entities Mentioned Vicky Hill Recovery Fund Karen White WKUX Public Mercy Hospital National Cyclist Fund Effect On Cash for cash contributions, $21,000 for payment of advertising, $1,000 payment for hospital bills, $12,000 for donation to National Cyclist Fund, $8,000 by contribution, $1,000 for advertising revenue, $1,000 for contributions, $20,000 for medical care, $12,000 for donation, $8,000 Exercise 1-4A (Static) Define terms and identify missing information in the accounting equation LO 1-3 Required a. Select the definition that best matches each term. b. Calculate the missing amounts in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Select the definition that best matches each term. Term a Assets b. Common Stock Creditors . d Liability Retained Eamings f. Stockholders a Stockholders' Equity Definition Required A Required B >