Indicate where they are reported on statement

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Reference no: EM131810232

The following transactions took place during a recent fiscal year. Indicate where they're reported on statement and whether or not it's a cash inflow, outflow or No effect.

Cash inflow, Outflow, or Where Reported No Effect? on Statement Transaction

(a) Recorded depreciation expense on the plant assets

(b) Incurred a loss on disposal of plant assets.

(d) Made principal repayments on a mortgage.

(e) Issued common stock. Purchased shares of another company to be held as a long-term equity investment.

(g) Paid dividends to common stockholders.

(h) Sold inventory on credit.

The company uses a perpetual inventory system. Purchased inventory on credit. Paid wages to employees.

Reference no: EM131810232

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