Identify Where Each of the Following Events or Accounts Would

question 27

Essay

Identify where each of the following events or accounts would be found on the cash flow statement.Identify each as one of a cash flow from operations (CFO), a cash flow from investing activities (CFI), a cash flow from financing activities (CFF), a non-cash transaction (NC) or in cash and cash equivalents (CE).
A) Sales for cash
B) Issuing common shares for capital assets
C) Running an overdraft at the bank
D) Interest received on investments held
E) Purchase of shares in another company for cash
F) Payment of president's salary
G) Purchase of an aircraft for the president's business use
H) Amortization of the aircraft
I) Guaranteed Investment Certificates
J) Increase in long-term mortgage

• A) Sales for cash
• B) Issuing common shares for capital assets
• C) Running an overdraft at the bank
• D) Interest received on investments held
• E) Purchase of shares in another company for cash
• F) Payment of president's salary
• G) Purchase of an aircraft for the president's business use
• H) Amortization of the aircraft
• I) Guaranteed Investment Certificates
• J) Increase in long-term mortgage

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Definitions:

Lax Regulation

Refers to regulatory policies that are not strict or rigorous, often leading to lessened supervision over activities.

Clean Air Act

U.S. legislation aimed at reducing and controlling air pollution by setting limits on emissions from both stationary and mobile sources.

Philanthropic Responsibilities

The obligation of individuals or organizations to act for the benefit of society at large, often through charitable activities or donations.

Archie B. Carroll

A scholar known for his work on corporate social responsibility and the pyramid model that outlines the responsibilities of businesses.