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Finally indicate the effect of the transactions to cash flows. Transactions Activity Reason Effect Affects profit Payment to supplier of goods Operating Decrease Cas and loss Payment to supplier of services

Finally indicate the effect of the transactions to cash flows. Transactions Activity Reason Effect Affects profit Payment to supplier of goods Operating Decrease Cas and loss Payment to supplier of services

FINANCIAL ACCOUNTING
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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Instructions: Classify each transaction whether they are operating, financing or investing. After which, indicate the reason for classification. Finally indicate the effect of the transactions to cash flows. Transactions Activity Reason Effect Affects profit Payment to supplier of goods Operating Decrease Cash and loss Payment to supplier of services Receipt from goods sold Receipt from service rendered Payment to employees Purchase of equipment Purchase of fixtures Purchase of patents Purchase of copyrights Purchase trademarks Payment of interest Proceeds from interests Payment to owners Receipts from owners Pay Proceeds from long-term debt ent of income taxes Payment of long-term Proceeds from sale of vehicle Proceeds from sale of patent Proceeds from sale of trademarks CS Scanned with CamScanner
Transcribed Image Text:Instructions: Classify each transaction whether they are operating, financing or investing. After which, indicate the reason for classification. Finally indicate the effect of the transactions to cash flows. Transactions Activity Reason Effect Affects profit Payment to supplier of goods Operating Decrease Cash and loss Payment to supplier of services Receipt from goods sold Receipt from service rendered Payment to employees Purchase of equipment Purchase of fixtures Purchase of patents Purchase of copyrights Purchase trademarks Payment of interest Proceeds from interests Payment to owners Receipts from owners Pay Proceeds from long-term debt ent of income taxes Payment of long-term Proceeds from sale of vehicle Proceeds from sale of patent Proceeds from sale of trademarks CS Scanned with CamScanner
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