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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
- 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”
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Classification |
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1 |
Additions to Property, Plant and Equipment |
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2 |
Amortization |
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3 |
Cash and Cash Equivalents at the beginning of the year |
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4 |
Decrease (Increase) in |
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5 |
Decrease (Increase) in Inventories |
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6 |
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7 |
Increase (Decrease) in Accounts Payable |
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8 |
Increase (Decrease) in Accrued Wages and Taxes |
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9 |
Increase (Decrease) in Bonds Outstanding |
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10 |
Increase(Decrease) Notes Payab;e |
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11 |
Net Income |
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12 |
Payment of Dividends to Shareholders |
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13 |
Proceeds from sale of Land |
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14 |
Sale of Merchnadise on Account |
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15 |
Writing-off of Doubtful Accounts |
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