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Identify Where Each of the Following Events or Accounts Would

Question 95

Essay

Identify where each of the following events or accounts would be found on the cash flow statement.Identify each as one of a cash flow from operations (CFO), a cash flow from investing activities (CFI), a cash flow from financing activities (CFF), a non-cash transaction (NC) or in cash and cash equivalents (CE).
A) Sales for cash
B) Issuing common shares for capital assets
C) Running an overdraft at the bank
D) Interest received on investments held
E) Purchase of shares in another company for cash
F) Payment of president's salary
G) Purchase of an aircraft for the president's business use
H) Amortization of the aircraft
I) Guaranteed Investment Certificates
J) Increase in long-term mortgage

Correct Answer:

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A) Sales for cash: O
B) Issuing common s...

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