Solved

Each of the Events Below May Have an Effect on the Statement

Question 162

Matching

Each of the events below may have an effect on the statement of cash flows. Designate how the event should be reported within the statement of cash flows

Premises:
Paid the weekly payroll
Paid an account payable
Issued bonds payable for cash
Declared and paid a cash dividend
Paid cash for a new piece of equipment
Purchased treasury stock for cash
Paid cash for stock in another company
Received interest on a long-term bond investment
Received cash for sales
Sold a long-term stock investment for cash at book value
Responses:
I + :Investing activity; cash inflow
I - :Investing activity; cash outflow
F + :Financing activity; cash inflow
F - :Financing activity; cash outflow
O + :Operating activity; cash inflow
O - :Operating activity; cash outflow
NC :Noncash investing and financing activity

Correct Answer:

Paid the weekly payroll
Paid an account payable
Issued bonds payable for cash
Declared and paid a cash dividend
Paid cash for a new piece of equipment
Purchased treasury stock for cash
Paid cash for stock in another company
Received interest on a long-term bond investment
Received cash for sales
Sold a long-term stock investment for cash at book value
Related Questions

Q155: On the basis of the following data

Q156: Complete each of the columns on the

Q157: An analysis of the general ledger accounts

Q157: The net income reported on an income

Q158: The cash flows from operating activities are

Q160: Balances of the current asset and current

Q161: Identify which section the statement of cash

Q163: For each of the following, identify whether

Q164: For each of the following, identify whether

Q165: For each of the following, identify whether

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents