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  • Jun 5, 2010, 07:20 PM
    dbulluck
    Cash Flow
    --------------------------------------------------------------------------------
    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.
  • Jun 7, 2010, 03:42 AM
    morgaine300

    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.

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