(a)
Introduction: Transactions and income that affects the investments and fixed assets of the organization are known as investing activities.
The cash flow used by investing activities.
(b)
Introduction: Transactions and income that affects the finances, capital, and liabilities of the organization are known as financing activities. These activities record the
The cash flow provided by financing activities.

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Chapter 12 Solutions
FINANCIAL & MANAGERIAL ACCOUNTING (LL)(W
- QUESTION: On June 30, 2009, Sideways Movers had $243,000 in current assets and $211,000 in current liabilities. On August 1, 2009, Sideways received $50,000 from an issue of promissory notes that will mature in 2012. The notes pay interest on February 1 at an annual rate of 6 percent. Sideways' fiscal year ends on December 31. What is the interest expense for December 31?arrow_forwardDetermine the gross income of this financial accounting questionarrow_forwardwhat is the balance in the supplies account after adjustmentarrow_forward
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- Principles of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax CollegeFinancial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage Learning


