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Required: Complete the chart above by determining whether each transaction is a cash inflow/outflow/or N/A (did not impact cash), what type of activity it is
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- Complete the chart above by determining whether each transaction is a cash inflow/outflow/or N/A (did not impact cash), what type of activity it is (Operating, Investing, Financing or N/A) and how much, if any, we should recognize in the Statement of Cash Flows. If a transaction requires two entries on the SCF, identify the amount we should recognize under each section and whether it was an inflow, outflow, positive adjustment or negative adjustment. Assume we are using the indirect method).
- For items 12, 13, 14 and 15 ONLY, prepare either Journal Entries or show the transactions on a Financial Statements Effects Template.
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