Alfred Company Manufactures Men's Clothing

question 52

Essay

Alfred Company manufactures men's clothing.During 2010,the company reported the following items that affected cash.Indicate whether each of these items is a cash flow from operating activities (O),investing activities (I),or financing activities (F).

$\begin{array}{lccc}\text { Purchased equipment by paying cash:} & ------\\\text { Collected cash on account from customers:} &------\\\text { Paid dividends to stockholders:} &------\\\text { Paid cash for supplies:} &------\\\text { Paid suppliers for fabric:} &------\\\text { Borrowed money from bank on a long-term note:} &------\\\text { Paid interest to bank on the note:} &------\\\text { Paid wages to employees:} &------\\\text { Sold shares of stock to new stockholders:} &------\\\end{array}$

$\begin{array}{ll}\text { 1. Sold shares of stock to new stockholders} & I & \underline2 \\\text { 2. Purchased equiprnent by paying cash} & O & \underline5 \\\text { 3. Paid wages to employees} & F & \underline7\\\text { 4. Borrowed money fran bark on a long-tern note} & O & \underline6 \\\text { 5. Collected cash on account from customers} & O & \underline8\\\text { 6. Paid cash for supplies} & F & \underline 4\\\text { 7. Paid dividends to stockholders} & O & \underline9 \\\text { 8. Paid suppliers for fabric} & O & \underline3 \\\text { 9. Paid interest to bark on the note} &F & \underline1\end{array}$

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Definitions:

Substitutes

Goods or services that can be used in place of each other, with the capability of satisfying similar consumer needs or desires.

Coors

A well-known brewing company based in Golden, Colorado that produces a wide range of beers.

Budweiser

A popular American beer brand known for its lager.

Abductor Hallucis

A muscle in the foot that helps in the movement of the big toe away from the other toes.