Mathematics, 01.03.2021 02:00, reterrickeyfox205
Motif Furniture is an Austin-based furniture company. For each of the following first-quarter transactions, indicate whether operating
(0), investing (), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (-), or (NE) if the transaction
has no effect on cash.
Activity
Cash Flow
Transaction
1. Bought used equipment for cash.
2. Paid cash to purchase new equipment
3. Declared and paid cash dividends to stockholders.
4. Collected payments on account from customers.
5. Recorded and paid interest on debt to creditors.
6. Repaid principal on loan from bank
7. Prepaid rent for the following period.
8. Made payment to suppliers on account
Answers: 3
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Motif Furniture is an Austin-based furniture company. For each of the following first-quarter transa...
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