Identify the correct classification of the following as as either: Operating Activities, Investing Activities and Financing Activities. If cannot be classified accordingly, write “Not Applicable”      Classification  1  Additions to Property, Plant and Equipment    2  Amortization    3  Cash and Cash Equivalents at the beginning of the year    4  Decrease (Increase) in Accounts Receivable    5  Decrease (Increase) in Inventories    6  Depreciation    7  Increase (Decrease) in Accounts Payable    8  Increase (Decrease) in Accrued Wages and Taxes    9  Increase (Decrease) in Bonds Outstanding    10  Increase(Decrease) Notes Payab;e    11  Net Income    12  Payment of Dividends to Shareholders    13  Proceeds from sale of Land    14  Sale of Merchnadise on Account    15  Writing-off of Doubtful Accounts

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. Identify the correct classification of the following as as either: Operating Activities, Investing Activities and Financing Activities. If cannot be classified accordingly, write “Not Applicable” 

 

 

Classification 

Additions to Property, Plant and Equipment 

 

Amortization 

 

Cash and Cash Equivalents at the beginning of the year 

 

Decrease (Increase) in Accounts Receivable 

 

Decrease (Increase) in Inventories 

 

Depreciation 

 

Increase (Decrease) in Accounts Payable 

 

Increase (Decrease) in Accrued Wages and Taxes 

 

Increase (Decrease) in Bonds Outstanding 

 

10 

Increase(Decrease) Notes Payab;e 

 

11 

Net Income 

 

12 

Payment of Dividends to Shareholders 

 

13 

Proceeds from sale of Land 

 

14 

Sale of Merchnadise on Account 

 

15 

Writing-off of Doubtful Accounts 

 

 

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