The major classifications of activities reported in the statements of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: - Decrease in accounts receivable during the year. - Decrease of inventory balanace during the year. - Decrease of salaries payable during the year.
The major classifications of activities reported in the statements of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: - Decrease in accounts receivable during the year. - Decrease of inventory balanace during the year. - Decrease of salaries payable during the year.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The major classifications of activities reported in the statements of cash flows are operating, investing, and financing. Classify each of the transactions listed below as:
- Decrease in accounts receivable during the year.
- Decrease of inventory balanace during the year.
- Decrease of salaries payable during the year.
- Sale of treasury shares.
- Increase of prepaid rent during the year
- Sale of land
- Issurance of Notes payable (long term)
Increase in accounts payable during the year.
-
- Issurance of
- Increase of uneared revenuesduring the year
- Purchase of buildings
-Net income
- Payment of cash dividened
- Gain on sale of equipment
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