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Red and Black Candy Company had the following cash flows for the current year. 1. Classify each of these cash flows as (O)perating, (Investing, or
Red and Black Candy Company had the following cash flows for the current year. 1. Classify each of these cash flows as (O)perating, (Investing, or (F)inancing and as a (S)ource or (U)se. If a transaction is neither, classify it as N O, I, F SU Issued common stock for $400,000 Paid vendors $50,000 Received $82,000 from customers Redeemed $100,000 in bonds Sold equipment for $75,000 Sold investments for $50,000 Purchased inventory for $15,000 Paid $12,000 in dividends to shareholders. Issued bonds for $300,000 Bought supplies for $6,000 Purchased a building for $200,000 by issuing a mortgage Purchased machinery for $110,000. 2. Compute cash flows from investing activities. 3. Compute cash flows from financing activities
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