Transaction Type of Activity 1. Issuance of common stock. Financing Cash Inflow or Outflow Cash inflow 2. Sale of land for cash. Investing Cash inflow 3. Purchase of treasury stock. Financing Cash outflow 4. Collection of an account receivable. 5. Issuance of a note payable. Operating Cash inflow Financing Cash inflow Operating Cash outflow 6. Purchase of inventory. 7. Repayment of a note payable. 8. Payment of employee salaries. Operating Cash outflow 9. Sale of equipment for a note receivable. Noncash Cash inflow 10. Issuance of bonds. Financing Cash inflow 11. Investment in bonds. 12. Payment of interest on bonds payable. 13. Payment of a cash dividend. 14. Purchase of a building. 15. Collection of a note receivable. Operating Cash inflow

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
icon
Related questions
Question

Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example.

Transaction
Type of
Activity
1. Issuance of common stock.
Financing
Cash Inflow
or Outflow
Cash inflow
2. Sale of land for cash.
Investing
Cash inflow
3. Purchase of treasury stock.
Financing
Cash outflow
4. Collection of an account receivable.
5. Issuance of a note payable.
Operating
Cash inflow
Financing
Cash inflow
Operating
Cash outflow
6. Purchase of inventory.
7. Repayment of a note payable.
8. Payment of employee salaries.
Operating
Cash outflow
9. Sale of equipment for a note receivable.
Noncash
Cash inflow
10. Issuance of bonds.
Financing
Cash inflow
11. Investment in bonds.
12. Payment of interest on bonds payable.
13. Payment of a cash dividend.
14. Purchase of a building.
15. Collection of a note receivable.
Operating
Cash inflow
Transcribed Image Text:Transaction Type of Activity 1. Issuance of common stock. Financing Cash Inflow or Outflow Cash inflow 2. Sale of land for cash. Investing Cash inflow 3. Purchase of treasury stock. Financing Cash outflow 4. Collection of an account receivable. 5. Issuance of a note payable. Operating Cash inflow Financing Cash inflow Operating Cash outflow 6. Purchase of inventory. 7. Repayment of a note payable. 8. Payment of employee salaries. Operating Cash outflow 9. Sale of equipment for a note receivable. Noncash Cash inflow 10. Issuance of bonds. Financing Cash inflow 11. Investment in bonds. 12. Payment of interest on bonds payable. 13. Payment of a cash dividend. 14. Purchase of a building. 15. Collection of a note receivable. Operating Cash inflow
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning