Business
Business, 22.08.2020 23:01, seaotter9630

Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example Transaction Financing Type of Activity Cash Inflow or Outflow
1. Issuance of common stock.
2. Sale of land for cash
3. Purchase of treasury stock.
4. Collection of an account receivable
5. Issuance of a note payable
6. Purchase of inventory
7. Repayment of a note payable
8. Payment of employee salaries.
9. Sale of equipment for a notereceivable.
10. Issuance of bonds
11. Investment in bonds.
12. Payment of interest on bonds payable.
13. Payment of a cash dividend
14. Purchase of a building
15. Collection of a note receivable. Cash inflow

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Answers: 3

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Listed below are several transactions. For each transaction, indicate whether the cash effect of eac...

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