write the classification and effect of each item No.15678910ParticularsIncrease in accounts payableDecrease in prepaid expensesSale of EquipmentCash receipts from sales ofequity or debt instruments ofother entitiesLoss on sale of equipmentDecrease in unearned revenueCashtopaymenttreasury sharesIncrease in sales revenueIncrease in InventoryDecreasereceivableacquire111accountsI-Write theclassification of theeach transactiona. Operating Activitiesb. Investing Activitiesc. Financing Activitiesd. not applicableII: Effect on theStatement of CashFlowa increaseb. decreasec. not applicableH

The cash flow statement is one of the financial statements of the business. It records the cash flow…

No. 2 3 4 5 6 7 8 9 10 Particulars Increase in accounts payable Decrease in prepaid expenses Sale of Equipment Cash receipts from sales of equity or debt instruments of other entities Loss on sale of equipment Decrease in unearned revenue Cash payment to acquire treasury shares Increase in sales revenue Increase in Inventory Decrease receivable 111 accounts classification of the each transaction a. Operating Activities b. Investing Activities c. Financing Activities d. not applicable Statement of Cash Flow a increase b. decrease c. not applicable H

No. 2 3 4 5 6 7 8 9 10 Particulars Increase in accounts payable Decrease in prepaid expenses Sale of Equipment Cash receipts from sales of equity or debt instruments of other entities Loss on sale of equipment Decrease in unearned revenue Cash payment to acquire treasury shares Increase in sales revenue Increase in Inventory Decrease receivable 111 accounts classification of the each transaction a. Operating Activities b. Investing Activities c. Financing Activities d. not applicable Statement of Cash Flow a increase b. decrease c. not applicable H

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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