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Please amswer Excericise E14 .E-6 and E1-6 fromchapter1 for Financial Accounting: Tools for Business Decision Making 7th edition by Kimmel, Weygandt and Kieso:-inthe pictures below:
Please amswer Excericise E14 .E-6 and E1-6 fromchapter1 for Financial Accounting: Tools for Business Decision Making 7th edition by Kimmel, Weygandt and Kieso:-inthe pictures below:
pl 8f a grant from the government for training a group of disabled skiers 10. Instructions Classify each o been done for you as an example. Payment of dividend to shareholders each of the above items by type of business activity: operating (O), investing (D), or financing (F). The first one has E1-4 Identify business activity and effect on cash. (LO 3) Consider the following business activities. (a) Type of Activity (b) Cash Effect 1. Purchase of goods for resale 2. Issue of common shares 3. Sale of equipment that the company has finished using 4. Receipt of bank loan 5. Purchase of long-term investment 6. Purchase of equipment 7. Sale of merchandise to customers 8. Payment of salaries to employees 9. Sale of long-term investment 10. 11. Payment of dividends 12. Payment of interest on money borrowed from bank Repayment of loan owed to bank Instructions Indicate whether each of the above items would increase (+) or decrease (-) cash. Assume all items are cash trans- actions. The first one has been done for you as an example. (a) For each of the above items, indicate the type of business activity-operating (O), investing (), or financing (F). (b)Step by Step Solution
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