Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash, or as neither (N).
|
Item |
Change ($) |
Item |
Change ($) |
|
Cash |
+100 |
Accounts receivable |
700 |
|
Accounts payable |
1,000 |
Net profits |
+600 |
|
Notes payable |
+500 |
Depreciation |
+100 |
|
Long term debt |
2,000 |
Repurchase of stock |
+600 |
|
Inventory |
+200 |
Cash dividends |
+800 |
|
Fixed assets |
+400 |
Sale of stock |
+1,000 |