Chapter 1, Problem 54PB

1.

To determine

Classify each business transactions as an operating, investing or financing activity.

2.

To determine

Indicate whether the given transaction increase, decrease, or no effect on the total assets of the business.

3.

To determine

Indicate whether the given transaction increase, decrease, or no effect on the net income.

4.

To determine

Indicate whether the given amount would appear on the income statement (IS), the balance sheet (BS), the statement of cash flows (CF), or the statement of changes in shareholder’s equity (SE).