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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
write the classification and effect of each item

Transcribed Image Text:No.
1
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
to
payment
treasury shares
Increase in sales revenue
Increase in Inventory
Decrease
receivable
acquire
111
accounts
I-Write the
classification of the
each transaction
a. Operating Activities
b. Investing Activities
c. Financing Activities
d. not applicable
II: Effect on the
Statement of Cash
Flow
a increase
b. decrease
c. not applicable
H
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education