Classify each of the following items as an inflow (1) or an outflow (O) of cash, or as neither (N).Change ($) ItemChange ($)ItemCash+150Account payable +1,100Notes payable-530Fixed assetsSale of stockDepreciation+550+950+110Cash dividendsAccount receivableInventoryRepurchase of stockLong-term debtNet profit+540- 460- 160+475-1,890+380

Name: Classify each of the following items as an inflow (1) or an outflow (
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Description: Classify each of the following items as an inflow (1) or an outflow (O) of cash, or as neither (N).Change ($) ItemChange ($)ItemCash+150Account payable +1,100Notes payable-530Fixed assetsSale of stockDepreciation+550+950+110Cash dividendsAccount rec

The terms "inflow" and "outflow" of cash refer to the movement of money into and out of a business…

Business

Accounting

Classify each of the following items as an inflow (1) or an outflow (O) of cash, or as neither (N). Item Change ($) Item Change ($) +540 Cash Account payable +1,100 Notes payable -530 Fixed assets +550 Sale of stock +150 Depreciation +950 +110 Cash dividends Account receivable Inventory Repurchase of stock Long-term debt Net profit - 460 - 160 +475 -1,890 +380

Classify each of the following items as an inflow (1) or an outflow (O) of cash, or as neither (N). Item Change ($) Item Change ($) +540 Cash Account payable +1,100 Notes payable -530 Fixed assets +550 Sale of stock +150 Depreciation +950 +110 Cash dividends Account receivable Inventory Repurchase of stock Long-term debt Net profit - 460 - 160 +475 -1,890 +380

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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