2. Categorize each cash flow transaction. Write O for operating, / for investing, or F for financing. a. Cash received from sale of a building b. Cash paid for salaries c. Cash received for interest on a note receivable d. Cash paid to acquire a new truck e. Cash loaned out to a customer in the form of a long-term note f. Cash received for services rendered g. Cash paid on interest h. Cash paid for insurance for equipment i. Cash received from a debtor representing payments on principal j. Cash paid out to acquire a building
2. Categorize each cash flow transaction. Write O for operating, / for investing, or F for financing. a. Cash received from sale of a building b. Cash paid for salaries c. Cash received for interest on a note receivable d. Cash paid to acquire a new truck e. Cash loaned out to a customer in the form of a long-term note f. Cash received for services rendered g. Cash paid on interest h. Cash paid for insurance for equipment i. Cash received from a debtor representing payments on principal j. Cash paid out to acquire a building
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 28BE: Brief 1-28 Statement of Cash Flows Listed are items that would on a Statement of cash flows. Cash...
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