Question
Match the transaction with the correct effect on the statement of cash flows: Choices: Cash Outflow from investing activity, Cash Outflow from operating activity, Cash
Match the transaction with the correct effect on the statement of cash flows:
Choices:
Cash Outflow from investing activity, Cash Outflow from operating activity, Cash outflow from financing activity, Cash Inflow from investing activity, cash inflow from operating activity, cash inflow from financing activity, No cash outflow/inflow
1. Bought 200,000 dollar of equipment by issuing long term note payable
2. Accrued 22,000 dollar salary expense
3. recorded 15,000 dollar of depreciation expense on the company's fleet of company cars
4. corporation bought back 1,000 shares of its own 1 dollar par common stock for 6 dollar per share
5. purchased 800 dollar of office supplies with cash
6. purchased 800 dollar of office supplies on account
7. corporation issued 1,000 shares of 5 dollar par common stock in exchange for a building
8. sold manufacturing plant for 530,000 dollar cash
9. corporation purchased 90,000 dollar of computers with cash
10. corporation paid dividend of 75,000 dollar to its stockholders
11. Board of directors declared a cash dividend of 150,000 dollar
12. Customers paid 5,000 dollar on account
13. provided 30,000 dollar of services to customers on account
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