for each of the following items tell whether it is a cash inflow or cash outflow and 541477
E9-1A Identify cash flows (L.OI)
For each of the following items, tell whether it is a cash inflow or cash outflow and the section of the statement of cash flows in which the item would appear. (Assume the direct method is used.)
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for each of the following items tell whether it is a cash inflow or cash outflow and 541477
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Item |
Inflow |
Section of |
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a. Cash collected from customers |
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b. Proceeds from issue of stock |
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c. Interest payment on loan |
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d. Principle payment on loan |
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e. Cash paid for advertising |
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f. Proceeds from sale of treasury stock |
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g. Money borrowed from the local bank |
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h. Cash paid to employees (salaries) |
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i . Purchase of equipment for cash |
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j. Cash paid to vendors for inventory |
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k. Taxes paid |
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