Problem 1.2 Cash flows vs accruals (revenues or expenses) Today is the last day of March 20X1. Classify the different transactions as cash inflows, cash outflows, revenues, expenses. Think carefully - all sorts of combinations are possible! a) Cash sale of goods that were produced in March for 12,000. b) Payment of wages and salaries of 16,000 for March, plus a payment of 3,000 for February c) Received payment of receivables of 25,000. d) Sale of a used machine for 12,000 for cash. The book value of the machine is 10,000. e) Delivery of 3.000 kg of raw material for 8/kg on credit. D) To raise capital for a new project, the company just sold new stocks for 500,000. g) Overdue notice from a supplier: The management decides to pay in April. h) Customer order for products worth 7,000. i) Purchase and storage of supplies on account for 500. D) Receipt of an invoice of 700 from the tax consultant. The consulting happened in early March k) Sale and invoicing of goods produced in March worth 48,000. The customer had paid 40.000 in advance when they ordered the goods in January. The remainder is paid in March. D) Donation of 300 to a charity in cash. m) The owners paid out 10,000 of profits to themselves (dividend)