Each of the Events Below May Have an Effect on the Statement

question 165

Short Answer

Each of the events below may have an effect on the statement of cash flows. Designate how the event should be reported within the statement of cash flows using the codes provided below. Codes may be used more than once, or not at all.
Codes:
I + investing activity; cash inflow
I - investing activity; cash outflow
F + financing activity; cash inflow
F - financing activity; cash outflow
O + operating activity; cash inflow
O - operating activity; cash outflow
NC noncash investing and financing activity
Events:
1. Paid the weekly payroll
2.Paid an account payable
3.Issued bonds payable for cash
4.Declared and paid a cash dividend
5. Paid cash for a new piece of equipment
6. Purchased treasury stock for cash
7. Paid cash for stock in another company
8.Received interest on a long-term bond investment
9. Received cash for sales
10. Sold a long-term stock investment for cash at book value

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Definitions:

Conspicuous Consumption

The spending of money on luxury goods and services to publicly display economic power—the social status of the consumer.

Ecological Adaptive

The process by which organisms adjust to changes in their environment to maintain or improve their survival prospects.

Domesticated

Refers to animals or plants that have been modified from their natural states to be of use to humans through selective breeding.

Cultural Adaptation

The process by which individuals or groups adjust to new cultural environments, often involving changes in practices, norms, and values.