Classification of Cash Flow Transactions
Classification of Cash Flow Transactions
p1. ConCept ▶ Analyze each transaction listed in the table that follows and place X’s in the appropriate columns to indicate the transaction’s classification and its effect on cash flows using the indirect method.
Cash Flow Classification                                   effect on Cash Flows
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Transaction
1.   Paid a cash dividend.
2.   Decreased accounts receivable.
3.   Increased inventory.
4.   Incurred a net loss.
5.   Declared and issued a stock dividend.
6.   Retired long-term debt with cash.
7.   Sold available-for-sale securities at a loss.
8.   Issued stock for equipment.
9.   Decreased prepaid insurance.
10.   Purchased treasury stock with cash.
11.  Retired a fully depreciated truck (no gain or loss).
12.   Increased interest payable.
13.   Decreased dividends receivable on investment.
14.   Sold treasury stock.
15.   Increased income taxes payable.
16.   Transferred cash to money market account.
17.   Purchased land and building with a mortgage.
operating Activity
Investing Activity
Financing Activity
noncash
Transaction  Increase  Decrease  no effect
Answers
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Posted 24 Apr 2017 03:04 PM
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