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Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash. Items Change ($)
Classifying inflows and outflows of cash
Classify each of the following items as an inflow (I) or an outflow (O) of cash.
Items | Change ($) |
Cash | +150 |
Acc Payable | +1100 |
Notes Payable | -530 |
Fixed assets | +550 |
Sale of stock | +950 |
Depreciation | +110 |
Cash dividends | +540 |
Accounts Receivable | -460 |
Inventory | -160 |
Repurchase of stock | +475 |
Long term debt | -1890 |
net profit | +380 |
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