classification of the changes below into Operating, investing and financing activities for statement of cash flow purposes.  Accounts recievable Inventories Prepayments Property, Plant, and equipment (at cost) Accumulated Depreciation  Other Non-operating Assets  Accounts payable  Other current liabilities  Long-Term Debt Other Non-operating liabilities  common stock Retained Earnings.

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.9E
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classification of the changes below into Operating, investing and financing activities for statement of cash flow purposes. 

Accounts recievable

Inventories

Prepayments

Property, Plant, and equipment (at cost)

Accumulated Depreciation 

Other Non-operating Assets 

Accounts payable 

Other current liabilities 

Long-Term Debt

Other Non-operating liabilities 

common stock

Retained Earnings.

Expert Solution
Step 1:- Introduction

The Numerical Has Covered the concept of cash flow statement . The Cash flow Statement has divided into 3 activities as discussed below ,

1. Operating Activity :- It is the main activity of the business relates to main activity of the business.

2. Investing Activity :- It involves cash used and generated for purchase / sale of  Fixed assets.

3. Financing Activity :-  It involves cash used and generated for financing or repaying capital and log-term debts.  

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