For each transaction, (a) determine whether the transaction appears on the statement of cash flows under...
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For each transaction, (a) determine whether the transaction appears on the statement of cash flows under cash flows from operating activities, cash flows from investing activities, or cash flows from financing activities, and (b) indicate whether the transaction is a cash outflow or cash inflow. Transaction 1. Cash paid for manager salaries. 2. Cash received from sale of land. 3. Cash received from sale of building. 4. Cash paid for equipment. 5. Cash investment from the owner. 6. Cash paid for building. Statement of Cash Flow Category Cash Inflow or Outflow For each transaction, (a) determine whether the transaction appears on the statement of cash flows under cash flows from operating activities, cash flows from investing activities, or cash flows from financing activities, and (b) indicate whether the transaction is a cash outflow or cash inflow. Transaction 1. Cash paid for manager salaries. 2. Cash received from sale of land. 3. Cash received from sale of building. 4. Cash paid for equipment. 5. Cash investment from the owner. 6. Cash paid for building. Statement of Cash Flow Category Cash Inflow or Outflow
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