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Please post your answer as copy-able text (not a screenshot). Thanks E16-2 Identifying activity categoriesdirect method [10-15 min] Consider the following transactions: a Collection of
Please post your answer as copy-able text (not a screenshot). Thanks
E16-2 Identifying activity categoriesdirect method [10-15 min] Consider the following transactions: a Collection of accounts receivable. _b Issue of bill payable to borrow cash. C Depreciation. d Issue of preference shares for cash. e Payment of cash dividend. f Sale of land. 9 Acquisition of equipment by issue of bill payable. Lh Payment of bill payable. Payment of long-term debt. j Issue of ordinary shares for cash. k Payment of account payable. 1 Acquisition of building by issue of ordinary shares. m Purchase of equipment. n Payment of wages to employees. o Collection of cash interest. p Sale of building. Requirement Identify each of the transactions as a(n): operating activity (0) investing activity (1) financing activity (F) non-cash financing and investing activity (NFI) transaction that isn't reported on the cash flow statement (N) For each cash flow, indicate whether the item increases (+) or decreases (-) cash. The direct method is used for cash flows from operating activities
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