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Connect Exercises EXERCISE 14-1 Classifying Transactions LO14-1 Below are certain events that took place at Hazzard, Inc., last year: Collected cash from customers. a. Paid cash to repurchase its own stock. Borrowed money from a creditor. Paid suppliers for inventory purchases. Repaid the principal amount of a debt. Paid interest to lenders. b. C. d. e. f. Paid a cash dividend to stockholders. g. h. Sold common stock. i. Loaned money to another entity. j. Paid taxes to the government. k. Paid wages and salaries to employees. 1. Purchased equipment with cash. m. Paid bills to insurers and utility providers. Required: Prepare an answer sheet with the following headings: Activity Transaction Operating Investing Financing a. b. Etc. Enter the cash inflows and outflows above on your answer sheet and indicate how each of them would be classified on a statement of cash flows. Place an X in the Operating, Investing, or Financ- ing column as appropriate. EXERCISE 14-2 Net Cash Provided by Operating Activities LO14-2 For the just completed year, Hanna Company had net income of $35,000. Balances in the company's

Connect Exercises EXERCISE 14-1 Classifying Transactions LO14-1 Below are certain events that took place at Hazzard, Inc., last year: Collected cash from customers. a. Paid cash to repurchase its own stock. Borrowed money from a creditor. Paid suppliers for inventory purchases. Repaid the principal amount of a debt. Paid interest to lenders. b. C. d. e. f. Paid a cash dividend to stockholders. g. h. Sold common stock. i. Loaned money to another entity. j. Paid taxes to the government. k. Paid wages and salaries to employees. 1. Purchased equipment with cash. m. Paid bills to insurers and utility providers. Required: Prepare an answer sheet with the following headings: Activity Transaction Operating Investing Financing a. b. Etc. Enter the cash inflows and outflows above on your answer sheet and indicate how each of them would be classified on a statement of cash flows. Place an X in the Operating, Investing, or Financ- ing column as appropriate. EXERCISE 14-2 Net Cash Provided by Operating Activities LO14-2 For the just completed year, Hanna Company had net income of $35,000. Balances in the company's

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter13: Statement Of Cash Flows
Section: Chapter Questions
Problem 13.2EX: Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of...
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Connect Exercises EXERCISE 14-1 Classifying Transactions LO14-1 Below are certain events that took place at Hazzard, Inc., last year: Collected cash from customers. a. Paid cash to repurchase its own stock. Borrowed money from a creditor. Paid suppliers for inventory purchases. Repaid the principal amount of a debt. Paid interest to lenders. b. C. d. e. f. Paid a cash dividend to stockholders. g. h. Sold common stock. i. Loaned money to another entity. j. Paid taxes to the government. k. Paid wages and salaries to employees. 1. Purchased equipment with cash. m. Paid bills to insurers and utility providers. Required: Prepare an answer sheet with the following headings: Activity Transaction Operating Investing Financing a. b. Etc. Enter the cash inflows and outflows above on your answer sheet and indicate how each of them would be classified on a statement of cash flows. Place an X in the Operating, Investing, or Financ- ing column as appropriate. EXERCISE 14-2 Net Cash Provided by Operating Activities LO14-2 For the just completed year, Hanna Company had net income of $35,000. Balances in the company's
Transcribed Image Text:Connect Exercises EXERCISE 14-1 Classifying Transactions LO14-1 Below are certain events that took place at Hazzard, Inc., last year: Collected cash from customers. a. Paid cash to repurchase its own stock. Borrowed money from a creditor. Paid suppliers for inventory purchases. Repaid the principal amount of a debt. Paid interest to lenders. b. C. d. e. f. Paid a cash dividend to stockholders. g. h. Sold common stock. i. Loaned money to another entity. j. Paid taxes to the government. k. Paid wages and salaries to employees. 1. Purchased equipment with cash. m. Paid bills to insurers and utility providers. Required: Prepare an answer sheet with the following headings: Activity Transaction Operating Investing Financing a. b. Etc. Enter the cash inflows and outflows above on your answer sheet and indicate how each of them would be classified on a statement of cash flows. Place an X in the Operating, Investing, or Financ- ing column as appropriate. EXERCISE 14-2 Net Cash Provided by Operating Activities LO14-2 For the just completed year, Hanna Company had net income of $35,000. Balances in the company's
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