For each of the following transactions, indicate whether operating (O), investin

Question

For each of the following transactions, indicate whether operating (O), investing (), or financing activities (F), or none of the activities (NE) are affected and whether the effect is a cash inflow (.) or outflow(-.or (NE) if the transaction has no effect on cash Transaction Activity Cash Flow 1 Received deposits from customers for products to be delivered the following period 2. Principal repayments on loan 3. Paid cash to purchase new equipment 4. Received proceeds from loan 5. Collected payments on account from customers 6. Recorded and paid salaries and wages to employees 7. Paid cash for building construction 8. Recorded and paid interest to debt holders.

Explanation / Answer

Classification :

Activity Cash flow 1 O + 2 F - 3 I - 4 F + 5 O + 6 O - 7 I - 8 O -

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