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Examples for Classification of cash flow activities During its first week, Duffy & Stevenson Company had these transactions. 1. Issued 100.000 shares of common stock
Examples for Classification of cash flow activities During its first week, Duffy & Stevenson Company had these transactions. 1. Issued 100.000 shares of common stock for $800,000 cash. 2. Borrowed $200,000 from Castle Bank. 3. Purchased two machines for $170.000 cash. 4. Paid employees $12,000 for salaries and wages.. 5. Collected $20,000 cash for services provided. 6. Paid advertising expense. 7. Sold land and a building for $250,000. 8.Purchase furniture for $20,000 Classify each of these transactions by type of cash flow activity
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