Classifying an Operating Activity, Investing Activity, Financing Acticity. + is cash inflow, - is cash outflow for statement of cash flows. 1) Acquired 46,000 cash from issue of common stock. FA + 2)Paid 13,100 cash in advance for rent. Period, April 1 year 1, to March 31 year 2. OA - 5) Collected 72,000 cash from accounts recievable. OA + 6) Paid 32,000 cash for salary expense. OA - 7) Paid 32,400 cash as partial payment for accounts payable. OA - Are these classified correct?

Classifying an Operating Activity, Investing Activity, Financing Acticity. + is cash inflow, - is cash outflow for statement of cash flows. 1) Acquired 46,000 cash from issue of common stock. FA + 2)Paid 13,100 cash in advance for rent. Period, April 1 year 1, to March 31 year 2. OA - 5) Collected 72,000 cash from accounts recievable. OA + 6) Paid 32,000 cash for salary expense. OA - 7) Paid 32,400 cash as partial payment for accounts payable. OA - Are these classified correct?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 19E

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