Question
Part 1. Indicate whether each of the following items of a firm would be associated with a cash inflow (I), cash outflow (O), or noncash
Part 1. Indicate whether each of the following items of a firm would be associated with a cash inflow (I), cash outflow (O), or noncash item (N) and under which category each would be reported on a statement of cash flows: Operating Activities (OA), Investing Activities (IA), Financing Activities (FA), or not on the statement (NOS).
| ITEM | CLASSIFIED AS I, O or N |
| REPORTED UNDER OA, IA, FA or NOS |
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1. Cash the firm paid to suppliers |
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2. Sale of inventory to customer on account |
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3. Proceeds from issuing common stock |
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4. Purchase of land with a loan |
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5. Principal payment made on long-term debt |
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6. Depreciation on equipment |
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7. Purchase of common stock issued by another company as an investment |
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8. Interest paid on the firms debt |
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9. Purchase of new equipment with cash |
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10. Dividends paid by the firm to shareholders |
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11. Sale of treasury stock by the firm |
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Cost Accounting A Managerial Emphasis
Authors: Madhav, Charles, Srikant
15th Edition
933254221X, 978-9332542211
