Solution
Item | Inflow or Outflow | Section of the statement |
a | Inflow | Operating |
b | Inflow | Financing |
c | Outflow | Operating |
d | Outflow | Financing |
e | Outflow | Operating |
f | Inflow | Financing |
g | Inflow | Financing |
h | Outflow | Operating |
i | Outflow | Investing |
j | Outflow | Operating |
k | Outflow | Operating |
IIII For each of the following items, tell whether it is a cash inflow or cash...
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...
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Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 30,000 Sold equipment for cash, previously used in operations 25,000 Paid cash for dividends 10,000 Issued common stock for cash 100,000 Retired a 10-year bond payable by repaying the face value at maturity 80,000 Sold investment in equity securities (held for one-year) 11,000 Borrowed cash...