Below is a list of cash inflows and outflows for Buckle Corporation: 1. Cash fro

Question

Below is a list of cash inflows and outflows for Buckle Corporation:

1. Cash from the issuance of debt ___________

2. Cash from interest ___________

3. Cash to lenders for interest ___________

4. Cash to purchase property ____________

5. Cash to repay debt ______________

6. Cash from the collection of loans __________

7. Cash from the issuance of debt __________

8. Cash to employees for wages _____________

9. Cash from the sale of marketable securities ___________

10. Cash to pay dividends ______________

11. Cash from sale of goods to customers _______________

12. Cash to others for expenses ________________

13. Cash to purchase investments _________________

14. Cash to government agencies for taxes _________________

15. Cash from sale of plant _________________

Required: I. Indicate where each of the cash flows above would appear on the statement of cash flows for Buckle Corporation. Select from:

a. Cash inflows from operating activities

b. Cash outflows from operating activities

c. Cash inflows from investing activities

d. Cash outflows from investing activities

e. Cash inflows from financing activities

f. Cash outflows from financing activities

Explanation / Answer

1. Cash from the issuance of debt :- e. Cash inflows from financing activities

2. Cash from interest :- c. Cash inflows from investing activities

3. Cash to lenders for interest :- f. Cash outflows from financing activities

4. Cash to purchase property:- d. Cash outflows from investing activities

5. Cash to repay debt :- f. Cash outflows from financing activities

6. Cash from the collection of loans :- e. Cash inflows from financing activities

7. Cash from the issuance of debt :- e. Cash inflows from financing activities

8. Cash to employees for wages :- b. Cash outflows from operating activities

9. Cash from the sale of marketable securities :- e. Cash inflows from financing activities

10. Cash to pay dividends :- f. Cash outflows from financing activities

11. Cash from sale of goods to customers :- a. Cash inflows from operating activities

12. Cash to others for expenses:- b. Cash outflows from operating activities

13. Cash to purchase investments:- d. Cash outflows from investing activities

14. Cash to government agencies for taxes:- b. Cash outflows from operating activities

15. Cash from sale of plant :- c. Cash inflows from investing activities

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