Designate How Each Transaction Would Be Reported on the Statement

question 68

Essay

Designate how each transaction would be reported on the statement of cash flows using OP for operating activities,IN for investing activities,FI for financing activities,I for an inflow of cash and O for an outflow of cash.If the transaction is included only in a supplemental schedule,denote this as SS.
$\begin{array}{lccc}&\text { Section } & \text { Inflow or Outflow } \\\text { Outflow } & \\\text { 1. Paid cash dividends} & ---------&--------- \\\text { 2. Purchased 6 months of insurance in advance} & ---------&--------- \\\text { 3. Sold inventory for cash} & ---------&--------- \\\text { 4. Purchased equipment signing a two-year note} & ---------&--------- \\\text { 5. Collected accounts receivable balance from a customer} & ---------&--------- \\\text { 6. Sold shares of another company's stock held for speculative purposes} & ---------&--------- \\\text { 7. Reclassified a note from long term to short term} & ---------&--------- \\\text { 8. Issued bonds at a premium }& ---------&--------- \\\end{array}$

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Definitions:

George H.W. Bush

The 41st President of the United States (1989–1993), known for his leadership during the Gulf War and his significant impact on foreign policy.

Categorical Data

Data that can be divided into specific groups or categories according to particular qualitative properties.

Quantitative Data

Quantitative data refers to information that can be measured and written down with numbers, expressing quantities, lengths, or sizes.

Census

A survey to collect data on the entire population.