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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

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 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

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