Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction...

Question

Question

Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

	Transaction	Type of Activity	Cash Inflow or Outflow
1	Payment of employee salaries.	Operating	Cash Outflow
2	Sale of land for cash	Investing	Cash Inflow
3	Purchase of rent in advance	Operating	Cash Outflow
4	Collection of an account receivable	Operating	Cash Inflow
5	Issuance of common stock	Financing	Cash Inflow
6	Purchase of inventory	Operating	Cash Outflow
7	Collection of notes receivable	Operating	Cash Inflow
8	Payment of income taxes	Operating	Cash Outflow
9	Sale of equipment for a note receivable	Noncash	No Effect on Cash
10	Issuance of bonds.	Financing	Cash Inflow
11	Loan to another company	Investing	Cash Outflow
12	Payment of a long-term note payable.	Financing	Cash Outflow
13	Purchase of treasury stock	Financing	Cash Outflow
14	Payment of an account payable	Operating	Cash Outflow
15	Sale of equipment for cash.	Investing	Cash Inflow

Feel free to ask any clarification, if required. Kindly provide feedback by thumbs up, if satisfied. It will be highly appreciated.
Thank you.

Add a comment

Answer 2

Answer #2

#7 is an investing activity; cash inflow

answered by: anonymous

Add a comment

Answer 3

Similar Homework Help Questions

Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction...

Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction Type of Activity Operating Cash Inflow or Outflow Cash outflow Financing Investing 1. Payment of employee salaries 2. Sale of land...
55. Servo industries net income was $300,000. Given the account information De the net cash flows...

55. Servo industries net income was $300,000. Given the account information De the net cash flows from operating activities for Servo Industries? the account information below, what is Decrease in Accounts Receivable Decrease in Salaries Payable Decrease in Inventory Depreciation Expense Increase in Interest Payable $ 50,000 $ 75,000 $ 20,000 $ 35,000 $ 7,000 A) $487,000 B) $323,000. C) $337,000 D) $237,000. 56. Listed below are several transactions. For each transaction, indicate by letter whether the cash effect of...
For each of the following transactions, indicate whether it will result in an increase, decrease, or...

For each of the following transactions, indicate whether it will result in an increase, decrease, or have no effect on cash flows: (a) Decrease Repayment of mortgage payable (b) Decrease Payment of interest on mortgage (c) No Effect Purchase of land in exchange for common shares (d) Increase Issue of preferred shares for cash X Payment for the purchase of a held for trading investment that is not a cash equivalent (e) No Effect Collection of accounts receivable (f) Increase...

Indicate the type of cash flows resulting from the following transactions and whether it would increase...

Indicate the type of cash flows resulting from the following transactions and whether it would increase (I) or decrease (D) the cash flows. If a transaction has no cash flow effects, so indicate. Transaction Operating Investing Financing No CF effect EXAMPLE: Payment of note payable D Payment of dividends Acquisition of land by issuing a note Payments to suppliers Interest paid on bonds payable Purchase of equity securities on the market Cash received from customers Issuance of bonds payable Purchase...
I need help with this accounting homework assignment. Exercise 3: Statement of Cash Flows Required: Indicate...

I need help with this accounting homework assignment. Exercise 3: Statement of Cash Flows Required: Indicate where each of the following would appear on a Statement of Cash Flows prepared using the direct method for the operating section: A. Cash flows from operating activities B. Cash flows from investing activities c. Cash flows from financing activities D. Schedule of significant noncash investing and financing activities E. Would not appear on a statement of cash flows prepared under the direct method...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or...

For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. A company pays salaries to employees. Choose... A company receives cash for services it will perform in the future. Choose... A company pays back the principal on a...

For each event listed below, select the appropriate category which describes the effect of the event...

For each event listed below, select the appropriate category which describes the effect of the event on a statement of cash flows. Use the abbreviations provided. Operating activities (O). Investing activities (I). Financing activities (F). Noncash activity (N). __a. Repayment of long-term debt ____ b. Amortization expense on patents ____ c. Sale of goods on account ____ d. Cash dividend payment to investors ____ e. Issuance of stock to acquire land ____ f. Sale of securities (long-term) ____ g. Payment...
McFarlan Corporation is preparing a statement of cash flows using the indirect method, indicate below whether...

McFarlan Corporation is preparing a statement of cash flows using the indirect method, indicate below whether each item is an operating activity O, an Investing activity I, a Financing activity F, or a non cash transaction N. 1 The change in accounts payable during the period 2 Depreciation Expense 3 Exchange of stock for a building 4 Purchase of equipment 5 Purchase of treasury stock 6 Borrowing by signing a note payable 7 A gain on the sale of equipment...
1. 2. • Analyze the transactions you have and indicate whether each transaction resulted in a...

1. 2. • Analyze the transactions you have and indicate whether each transaction resulted in a cash flow from a) Operating activities b) Investing activities c) Financing activates d) Noncash investing and financing activities • Indicate whether the effect is a a) Cash Inflow b) Cash Outflow The HAHA & MAMA Corporation 1. Purchased an equipment for $11,000 and paid cash 2. Issued $50,000 par value common stock 3. Paid dividends of 12.000 during the year 4. Sold a long-term...

Part 1. Indicate whether each of the following items of a firm would be associated with...

Part 1. Indicate whether each of the following items of a firm would be associated with a cash inflow (I), cash outflow (O), or noncash item (N) and under which category each would be reported on a statement of cash flows: Operating Activities (OA), Investing Activities (IA), Financing Activities (FA), or not on the statement (NOS). ITEM CLASSIFIED AS I, O or N REPORTED UNDER OA, IA, FA or NOS 1. Cash the firm paid to suppliers 2. Sale of...

Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction...

Homework Answers