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HW12#13: COMPREHENSIVE CONCEPTUAL QUESTION COMPREHENSIVE QUESTION: Each of the events below have an effect on the statement of cash flows. Designate hovw the event should
HW12#13: COMPREHENSIVE CONCEPTUAL QUESTION COMPREHENSIVE QUESTION: Each of the events below have an effect on the statement of cash flows. Designate hovw the event should be reported for the statement of cash flow s using the codes provided below. CODES Investing activity; cash inflow Investing activity; cash outflow Financing activity; cash inflow Financing activity; cash outflow Operating activity; cash inflow Operating activity; cash outflow Noncash investing and financing activity F. EVENTS 1. Collected cash from customers 2. Converted bonds payable into common stock 3. Paid the utility bill Issued checks to employees Issued a long-term note payable for cash 4. 5. Paid dividends to stockholders 6. Paid an account payable Sold an old delivery truck for cash at a gain on the sale. Paid interest due on a long-term loan 10. Paid cash for 40% interest in another company 7. 8. 9. 2-14
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