These are transactions and activities of a business:

a.Receipt from sale of building

b.Withdrawal by owner

c.Decrease in accounts receivable

d.Payment for purchase of investment

e.Receipt from issuance of long-term note payable

f.Payment for purchase of inventory.

Required

Indicate in which section of the business' cash flow statement each of the above items would appear. Would each be an inflow or an outflow?

Practical Activity 2

The following are transactions and activities of a business:

1. Cash sales
2. Decrease in accounts payable
3. Payment for purchase of equipment
4. Investment by owner
5. Payment of long-term note payable
6. Receipt from selling investment

Required

Indicate in which section of the business' cash flow statement each of the above items would appear. Would each be an inflow or an outflow?