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dbulluck
Jun 5, 2010, 07:20 PM
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You are provided with the following transactions that took place during a recent
Fiscal year.

Transaction Where Reported Cash Inflow, Outflow,
On Statement ? Or No Effect?

(a) Purchased shares of common
Treasury stock.

(b) Distributed a stock dividend to common
Stockholders.

(c) Recorded cash sales.

(d) Recorded sales on account.

(e) Recorded prepayment of 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) should be reported as an operating
(O) activity, investing (I) activity, financing (F) activity, or as 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.

morgaine300
Jun 7, 2010, 03:42 AM
Please start your own thread for your own question rather than tagging onto someone else's. I have moved yours to its own thread.

Then also please read the guidelines for posting homework problems here, which is in the red print at the top of all homework forums.