You are provided with the following transactions that took place during a recent fiscal year.
|
Transaction |
Where Reported |
Cash Inflow, |
|
(a) |
Recorded depreciation expense on the |
|
|
(b) |
Incurred a loss on disposal of plant assets. |
|
|
(c) |
Acquired a building by paying cash. |
|
|
(d) |
Made principal repayments on a |
|
|
(e) |
Issued common stock. |
|
|
(f ) |
Purchased shares of another company |
|
|
(g) |
Paid dividends to common stockholders. |
|
|
(h) |
Sold inventory on credit. The company |
|
|
(i) |
Purchased inventory on credit. |
|
|
(j) |
Paid wages to employees. |
Instructions
Complete the table indicating whether each item (1) should be reported as an operating (O) activity, investing (I) activity, financing (F) activity, or as a noncash (NC) transaction reported in a separate schedule, and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach.