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Can someone please help? Exercise 13-1 (Static) Classifying Transactions (LO13-1) Below are certain events that took place at Hazzard, Incorporated, last year a Collected cash
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Exercise 13-1 (Static) Classifying Transactions (LO13-1) Below are certain events that took place at Hazzard, Incorporated, last year a Collected cash from customers. b. Pald cash to repurchase its own stock c. Borrowed money from a creditor d. Pald suppliers for Inventory purchases. e. Repaid the principal amount of a debt. 1. Paid interest to lenders. 9. Paid a cash dividend to stockholders. h. Sold common stock Loaned money to another entity J. Paid taxes to the government k. Paid wages and salaries to employees. I Purchased equipment with cash. m. Paid bills to insurers and utility providers. Required: Indicate how each of the transaction would be classified on a statement of cash flows. Place an X in the Operating. Investing, or Financing column as appropriate. rating Investing Financing Required: Indicate how each of the transaction would be classified on a statement of cash flows. Place an X in the Operating Investing, or Financing column as appropriate. Operating Activity X Investing Activity Financing Activity X Transaction a. Collected cash from customers b. Paid cash to repurchase its own stock c Borrowed money from a creditor d. Paid suppliers for inventory purchases e. Repaid the principal amount of a debt 1. Paid interest to lenders g. Paid a cash dividend to stockholders h Sold common stock Loaned money to another entity Paid taxes to the government k. Pald wages and salaries to employees Purchased equipment with cash m. Paid bills to insurers and utility providers Step by Step Solution
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