P12-1B You are provided with the following transactions that took place during a recent fiscal year. Da do fir Cash Inflow, (LC Statement of Cash Flow Outflow, or No Effect? Transaction Activity Affected (a) Purchased shares of common treasury stock. (b) Paid a cash dividend to common stockholders. (c) Recorded cash sales. (d) Recorded sales on account. (e) Recorded prepayment insurance expense. (f) Purchased supplies on account. (g) Recorded amortization expense on a patent. (h) Recorded and received interest revenue. (i) Recorded cash proceeds from a sale of plant assets. (j) Acquired land by issuing a note payable. Instructions Complete the table indicating whether each item (1) affects operating (0) activities, invest- ing (I) activities, financing (F) activities, or is a noncash (NC) transaction reported in a separate schedule, and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach. P12-2B The following selected account balances relate to the plant asset accounts of Lazari Inc. at year-end. Determ of chan
P12-1B You are provided with the following transactions that took place during a recent fiscal year. Da do fir Cash Inflow, (LC Statement of Cash Flow Outflow, or No Effect? Transaction Activity Affected (a) Purchased shares of common treasury stock. (b) Paid a cash dividend to common stockholders. (c) Recorded cash sales. (d) Recorded sales on account. (e) Recorded prepayment insurance expense. (f) Purchased supplies on account. (g) Recorded amortization expense on a patent. (h) Recorded and received interest revenue. (i) Recorded cash proceeds from a sale of plant assets. (j) Acquired land by issuing a note payable. Instructions Complete the table indicating whether each item (1) affects operating (0) activities, invest- ing (I) activities, financing (F) activities, or is a noncash (NC) transaction reported in a separate schedule, and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach. P12-2B The following selected account balances relate to the plant asset accounts of Lazari Inc. at year-end. Determ of chan
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 35E: Classification of Cash Flows The following are several items that might be disclosed on a companys...
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