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blakenordgaard blakenordgaard
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A month ago
Answer the following questions relating to the statement of cash flows.

a.List the three sections used to classify activities in the statement of cash flows.
b.Give one example of a use of cash for each of the three activities.
c.Give one example of a source of cash for each of the three activities.
Textbook 

Managerial Accounting


Edition: 4th
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amieamie
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A month ago
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a.The three sections are operating activities, investing activities, and financing
activities.
b.Operating: payment for inventory, payment of salaries, payment of operating
expenses such as utilities, rent, insurance, supplies, interest and taxes
Investing: payment to dispose of property and equipment, payment to buy investments, loans made to customers or employees
Financing: retirement of stock for cash, repayment of debt, payment of cash dividends
c.Operating: collections from customers, receipt of dividends, receipt of interest
Investing: sale of property or equipment, sale of investments, collection of notes receivable
Financing: issuance of stock, issuance of debt

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