Question
End of Chapter Question 7.21 Ben Burton Pty Ltd has the following items in its accounts, state whether each of the below items would appear
Ben Burton Pty Ltd has the following items in its accounts, state whether each of the below items would appear in the statement of cash flows and, if so, under which classification it would appear (investing, operating, financing or non-cash).
Bank interest paid
Investing
Non-cash item
Operating
Financing
Loan repaid
Financing
Investing
Non-cash item
Operating
Cash purchase of fixed asset
Financing
Non-cash item
Operating
Investing
Sale of goods on credit
Investing
Non-cash item
Operating
Financing
Taxation payable
Financing
Investing
Non-cash item
Operating
Receipts from share capital issue
Financing
Non-cash item
Operating
Investing
Cash from loan
Operating
Investing
Financing
Non-cash item
Dividends paid
Non-cash item
Investing
Operating
Financing
Purchase of goods for cash
Operating
Non-cash item
Financing
Investing
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started