Solution-Would each be an inflow or an outflow

Would each be an inflow or an outflow

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Reference no: EM132618809

Question 1 - These are transactions and activities of a business:

a. Receipt from sale of building

b. Withdrawal by owner

c. Decrease in accounts receivable

d. Payment for purchase of investment

e. Receipt from issuance of long-term note payable

f. Payment for purchase of inventory.

Required - Indicate in which section of the business' cash flow statement each of the above items would appear. Would each be an inflow or an outflow?

Question 2 - The following are transactions and activities of a business:

1. Cash sales

2. Decrease in accounts payable

3. Payment for purchase of equipment

4. Investment by owner

5. Payment of long-term note payable

6. Receipt from selling investment

Required - Indicate in which section of the business' cash flow statement each of the above items would appear. Would each be an inflow or an outflow?

Reference no: EM132618809

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Would each be an inflow or an outflow

Reference no: EM132618809

Reference no: EM132618809

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