For each of the following transactions, indicate whether operating (O), investing (I), or financing activities (F), or none of the activities (NE) are affected and
For each of the following transactions, indicate whether operating (O), investing (I), or financing activities (F), or none of the activities (NE) are affected and whether the effect is a cash inflow (+) or outflow (-), or (NE) if the transaction has no effect on cash.
Activity Cash Flow
1 Received deposits from customers for products
to be delivered the following period
2 principal repayments on loan
3 paid cash to purchase new equipment
4 received proceeds from loan
5 collected payments on account from customers
6 recorded and paid salaries and wages to employees
7 paid cash for building construction
8 recorded and paid interest to debt holders
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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