Question Details
AC 599 Solutions to Unit 2 Simulation
Correct classification of cash flows is critical to the accurate reporting of cash flow information. Categorized cash flow information is more useful than a mere listing of cash flows in random order. In the table below, determine the cash flow classification which applies to each item by double clicking on the shaded box in the cash flow classification column and selecting one or more classifications. A particular classification may be used once, more than once, or not at all.
Item
Cash Flow Classification
Payments to suppliers
Interest payments
Payments to retire bonds outstanding
Down payment on purchase of equipment
Obtain loan to purchase land to be held as an investment
Purchase of treasury stock
Depreciation expense
Purchase of trading securities
Monthly mortgage payment*
Dividends received on investments
Loss on disposal of equipment
Proceeds from sale of securities available for sale
Annual lease payment on capital lease*
Payments to fund company pension plan
Increase in accounts receivable for the period
Fill in with one of the following (Some may or may not be used):
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow
Operating cash flow and Financing cash flow
Not a cash flow
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This question was answered on: Dec 08, 2020
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DATE ANSWEREDDec 08, 2020
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