Identify Each of the Following Items as Operating (O),investing (I),or

question 62

Essay

Identify each of the following items as operating (O),investing (I),or financing (F)activities on the statement of cash flows(assuming the indirect method).If an item is not on the statement,please mark it as none of these (N).If the item is an inflow,please indicate by a (+).If the item is an outflow,please indicate by a (-)
____ (a)Paid an account payable for inventory purchased in the previous accounting period.
____ (b)Amortization of debt issuance costs
____ (c)Paid a dividend to stockholders.
____ (d)Paid the interest on a note payable to National Street Bank.
____ (e)Paid the principal amount due on the note payable to National Street Bank.
____ (f)Transferred cash from a checking account into a money market fund.
____ (g)Purchased equipment for cash.

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Definitions:

Economic Values

The worth of goods or services as determined by the market or the intrinsic importance or utility they offer to individuals.

Compounded Monthly

Interest on a loan or investment calculated monthly and added to the principal sum for the calculation of subsequent interest.

Compounded Annually

Interest calculation and accumulation once per year on the principal amount of an investment or loan.

Compounded Quarterly

Interest calculated four times a year, applying on the original principal and including interest accumulated in previous periods.