C&C SPORTS CONTINUING CASE

29.

Identifying Cash Flows

(LO 1) Classify each of the following items as a source or use of cash. If the item is a source or use of cash, then classify each item as a cash flow provided by an operating, investing, or financing activity.

		Type of Cash Flow			Type of Activity
		Source	Use	Not a Cash Flow	Operating	Investing	Financing
1.	C&C orders $50,000 of fabric from Bradley Textile Mills
2.	C&C pays $100,000 to Bradley Textile Mills for fabric it ordered last month
3.	C&C receives a $1,200 order from Central High School for 100 pairs of baseball pants
4.	C&C pays cash for $13,000 of Nike stock
5.	C&C pays $500 in interest due on its long-term debt
6.	C&C pays $800 cash for a new sewing machine
7.	C&C makes a $20,000 payment on its long-term debt
8.	C&C borrows $25,000 from the bank to maintain its minimum required cash balance
9.	C&C receives an order from South Avenue High School for 10 award jackets, accompanied by a check for the full amount of the order, $1,250
10.	C&C sells an old computer to an employee for $50 cash