Question

Classifying inflows and outflows of cash   Classify each of the following items as an inflow​ (I) or an outflow​ (O) of​ cash, or neither​ (N). Item Change​ ($) Item Change​ ($) Cash Balance negative 300 Accounts receivable plus 1 comma 700 Accounts payable negative 1 comma 200 Net profits plus 900 Notes payable plus 1 comma 500 Depreciation plus 1 comma 100 ​Long-term debt plus 1 comma 000 Repurchase of stock plus 900 Inventory plus 200 Cash dividends plus 800 Fixed assets plus 400 Sale of stock plus 1 comma 000

Answer 1

The item has been classified or arranged as either inflow and outflow as follows;

Where as :O represent Outflow

I represent Inflow

Items $Change

Cash - 300 O

Accounts receivable 1,700 I

Accounts Payable -1,200 O

Net profits 900 I

Notes payable 1,500 I

Depreciation 1,100 I

Long-term debt 1,000 O

Repurchase of stock 900 O

Inventory 200 O

Cash dividends 800 O

Fixed assets 400 O

Sale of Stock 1,000 I

Answer 2

Answer:

Explanation:

Where as :O represent Outflow

I represent Inflow

Items $Change

Cash - 300 O

Accounts receivable 1,700 I

Accounts Payable -1,200 O

Net profits 900 I

Notes payable 1,500 I

Depreciation 1,100 I

Long-term debt 1,000 O

Repurchase of stock 900 O

Inventory 200 O

Cash dividends 800 O

Fixed assets 400 O

Sale of Stock 1,000 I