For each of the following transactions, indicate whether it will result in an increase, decrease, or...

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For each of the following transactions, indicate whether it will result in an increase, decrease, or have no effect on cash f

For each of the following transactions, classify it as an operating, investing, financing, or significant noncash investing a

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Answer 1

Answer #1

SOLUTION: 1
	Payment for the purchase of held for trading investment that is not cash equivalent	Decrease
	Recording of Depreciation expenses	Increase
	Purhcase and cancellattion of shares	Decrease


SOLUTION: 2
	Repayment of mortgage payable	Financing ativity
	Payment of interest on mortgage	Operating activity
	Payment of land in exchange of common shares	Significant noncash investing and financing activity
	Issued preferred shares for cash	Financing ativity
	Payment for the purhcas of a held for trading investment that is not a cash equivalent	Investing activities
	Collection of account receivable	Operating activity
	Declaration of cash dividend	None of the above
	Payment of Cash Dividend	Financing ativity
	Cash purchase of inventory	Operating activity
	Recording of depreciation expenses	Operating activity
	Purhcase and cancellation of common shares	Financing ativity

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Answer 2

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