Motif Furniture is an Austin-based furniture company. For each of the following

Question

Motif Furniture is an Austin-based furniture company. For each of the following first-quarter transactions, indicate whether operating (O), investing (I), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (?), or (NE) if the transaction has no effect on cash.

Motif Furniture is an Austin-based furniture company. For each of the following first-quarter transactions, indicate whether operating (O), investing (I), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (?), or (NE) if the transaction has no effect on cash.

Explanation / Answer

Answer:-

Made payment to suppliers on account.

S.no. Transaction Activity Cash Flow 1 Bought used equipment for cash. I - 2 Paid cash to purchase new equipment. I - 3 Declared and paid cash dividends to stockholders. F - 4 Collected payments on account from customers. O + 5 Recorded and paid interest on debt to creditors. O - 6 Repaid principal on loan from bank. F - 7 Prepaid rent for the following period. O - 8

Made payment to suppliers on account.

O -

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