Question
Classify each cash flow below as operating, O, investing, I, or financing, F. Indicate the effect on cash by leaving the class letter plain if
Classify each cash flow below as operating, O, investing, I, or financing, F. Indicate the effect on cash by leaving the class letter plain if cash increases, or by placing a parenthesis around the letter if cash decreases, e.g., a financing outflow of cash would be designated (F) while an investing inflow of cash would be labeled (I).
____ 1. Cash paid for dividends.
____ 2. Cash collected from customers.
____ 3. Cash received when signing a note payable.
____ 4. Cash paid to employees.
____ 5. Cash paid to purchase equipment.
____ 6. Cash received from a sale of obsolete computers.
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Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
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