For each transaction, (a) determine whether the transaction appears on the statement of cash flows under cash flows from ope activities, cash flows from investing activities, or cash flows from financing activities, and (b) indicate whether the transaction is outflow or cash inflow. Transaction Statement of Cash Flow Category Cash Inflow or Outflow 1. Cash investment from the owner. 2. Cash paid to settle long-term loan. 3. Cash paid for employee wages.

For each transaction, (a) determine whether the transaction appears on the statement of cash flows under cash flows from ope activities, cash flows from investing activities, or cash flows from financing activities, and (b) indicate whether the transaction is outflow or cash inflow. Transaction Statement of Cash Flow Category Cash Inflow or Outflow 1. Cash investment from the owner. 2. Cash paid to settle long-term loan. 3. Cash paid for employee wages.

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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