Classifying an Operating Activity, Investing Activity, Financing Acticity. + is cash inflow, - is cash outflow for statement of cash flows. 1) Acquired 46,000 cash from issue of common stock. FA + 2)Paid 13,100 cash in advance for rent. Period, April 1 year 1, to March 31 year 2. OA - 5) Collected 72,000 cash from accounts recievable. OA + 6) Paid 32,000 cash for salary expense. OA - 7) Paid 32,400 cash as partial payment for accounts payable. OA - Are these classified correct?
Classifying an Operating Activity, Investing Activity, Financing Acticity. + is cash inflow, - is cash outflow for statement of cash flows. 1) Acquired 46,000 cash from issue of common stock. FA + 2)Paid 13,100 cash in advance for rent. Period, April 1 year 1, to March 31 year 2. OA - 5) Collected 72,000 cash from accounts recievable. OA + 6) Paid 32,000 cash for salary expense. OA - 7) Paid 32,400 cash as partial payment for accounts payable. OA - Are these classified correct?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 19E
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Classifying an Operating Activity, Investing Activity, Financing Acticity. + is
1) Acquired 46,000 cash from issue of common stock. FA +
2)Paid 13,100 cash in advance for rent. Period, April 1 year 1, to March 31 year 2. OA -
5) Collected 72,000 cash from accounts recievable. OA +
6) Paid 32,000 cash for salary expense. OA -
7) Paid 32,400 cash as partial payment for accounts payable. OA -
Are these classified correct?
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