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Alfred Company Manufactures Men's Clothing

Question 118

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Alfred Company manufactures men's clothing. During 2014, the company reported the following items that affected cash. Indicate whether each of these items is a cash flow from operating activities (O), investing activities (I), or financing activities (F).  Purchased equipment by paying cash:  Collected cash on account from customers:  Paid dividends to stockholders:  Paid cash for supplies:  Paid suppliers for fabric:  Borrowed money from bank on a note payable:  Paid interest to bank on the note payable:  Paid wages to employees:  Sold shares of common stock to new stockholders: \begin{array} { | l | l | } \hline \text { Purchased equipment by paying cash: } & \\\hline \text { Collected cash on account from customers: } & \\\hline \text { Paid dividends to stockholders: } & \\\hline \text { Paid cash for supplies: } & \\\hline \text { Paid suppliers for fabric: } & \\\hline \text { Borrowed money from bank on a note payable: } & \\\hline \text { Paid interest to bank on the note payable: } & \\\hline \text { Paid wages to employees: } & \\\hline \text { Sold shares of common stock to new stockholders: } & \\\hline\end{array}

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Purchased equipment by paying cash: I Co...

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