Question
Alfred Company manufactures men's clothing. During 2012, the company reported the following items that affected cash. Indicate whether each of these items is a cash
Alfred Company manufactures men's clothing. During 2012, the company reported the following items that affected cash. Indicate whether each of these items is a cash flow from operating activities (O), investing activities (I), or financing activities (F) and whether it would be a cash inflow (+) or cash outflow (-) for the company.
Transaction | Activity | Flow |
Purchased equipment by paying cash |
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Collected cash on account from customers |
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Paid dividends to shareholders |
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Paid cash for supplies |
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Paid suppliers for fabric |
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Borrowed money from bank on a long-term note |
|
|
Paid wages to employees |
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Sold shares of stock to new stockholders |
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