Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. Place an X in the appropriate columns for each of the following situations. Non- Cash Flows Classification Effect on cash Operating Investing Financing Cash

. Place an X in the appropriate columns for each of the following situations.

Non-

Cash Flows Classification

Effect on

cash

Operating

Investing

Financing

Cash

Trans-

Transaction

Activity

Activity

Activity

+

-

action

a.

Sale of land for cash

__

__

__

__

__

__

b.

Issuance of bonds for cash

__

__

__

__

__

__

c.

Paying off accounts payable

__

__

__

__

__

__

d.

Acquired land using common stock

__

__

__

__

__

__

e

Paid $10,000 cash dividend

__

__

__

__

__

__

f.

Collected $1,000 accounts receivable

__

__

__

__

__

__

g.

Purchased building using cash

__

__

__

__

__

__

h.

Net Income

__

__

__

__

__

__

i.

Sales of inventory on account

__

__

__

__

__

__

j.

Issue common stock to retire bonds

__

__

__

__

__

__

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: David Ricchiute

7th Edition

0324117760, 978-0324117769

More Books

Students also viewed these Accounting questions

Question

2. Do the same for your favorite female film character.

Answered: 1 week ago