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Place an 0 in the appropriate columns for each of the following situations to indicate how amounts are classified and how or whether cash is affected: Situation Operating Investing Activity Financing Activity Effect on Cash Activity Inflow Outflow No (+) (-) Effect a. Paying off accounts payable with cash. b. Issuance of bonds for cash. c. Retirement of common stock with cash. d. Collection of accounts receivable with customer cash. e. Paid cash for inventory. f. Acquired land by issuing common stock.

Place an 0 in the appropriate columns for each of the following situations to indicate how amounts are classified and how or whether cash is affected: Situation Operating Investing Activity Financing Activity Effect on Cash Activity Inflow Outflow No (+) (-) Effect a. Paying off accounts payable with cash. b. Issuance of bonds for cash. c. Retirement of common stock with cash. d. Collection of accounts receivable with customer cash. e. Paid cash for inventory. f. Acquired land by issuing common stock.

FINANCIAL ACCOUNTING
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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Place an 0 in the appropriate columns for each of the following situations to indicate how amounts are classified and how or whether cash is affected: Operating Investing Financing Activity Situation Effect on Cash Activity Activity Inflow Outflow No (+) (-) Effect a. Paying off accounts payable with cash. b. Issuance of bonds for cash. c. Retirement of common stock with cash. d. Collection of accounts receivable with customer cash. e. Paid cash for inventory. f. Acquired land by issuing common stock.
Transcribed Image Text:Place an 0 in the appropriate columns for each of the following situations to indicate how amounts are classified and how or whether cash is affected: Operating Investing Financing Activity Situation Effect on Cash Activity Activity Inflow Outflow No (+) (-) Effect a. Paying off accounts payable with cash. b. Issuance of bonds for cash. c. Retirement of common stock with cash. d. Collection of accounts receivable with customer cash. e. Paid cash for inventory. f. Acquired land by issuing common stock.
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