Question
Each of the events below may have an effect on the statement of cash flows. Designate how the event should be reported within the statement
Each of the events below may have an effect on the statement of cash flows. Designate how the event should be reported within the statement of cash flows using the letters below. A selection may be used more than once or not at all.
Answer Choices:
A. Investing activity; cash inflow
B. Investing activity; cash outflow
C. Financing activity; cash inflow
D. Financing activity; cash outflow
E. Operating activity; cash inflow
F. Operating activity; cash outflow
G. Noncash investing and financing activity
Please answer either A, B, C, D, E, F, or G for each response.
Event Scenarios
1. Issued checks for the weekly payroll
2. Paid an accounts payable balance
3. Issued notes payable for cash
4. Declared and paid a cash dividend
5. Paid cash for a new delivery truck
6. Purchased treasury stock for cash
7. Paid cash for a 12% interest in another company
8. Received interest on a long-term note receivable
9. Converted bonds payable into common stock
10. Received cash proceeds from the sale of equipment at book value
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