For each activity, use the drop-down menus to identify the appropriate section o

Question

For each activity, use the drop-down menus to identify the appropriate section of the statement of cash flows where the transaction would be reported. Then identify whether it’s an inflow, outflow, or does not impact cash flow.

Section on the Statement of Cash Flows

Inflow or Outflow

Purchased equipment with cash.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

Incurred utility expense on account.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

Paid cash on accounts payable for office supplies purchased.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

The business received cash from the issuance of common stock.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

Received cash from a customer for services performed.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

Section on the Statement of Cash Flows

Inflow or Outflow

Purchased equipment with cash.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

Incurred utility expense on account.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

Paid cash on accounts payable for office supplies purchased.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

The business received cash from the issuance of common stock.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

Received cash from a customer for services performed.

FinancingOperatingInvestingNone

InflowOutflowDoes not impact cash flow

Explanation / Answer

Section Inflow/Outflow Purchase of equipment with cash Investing Outflow Incurred utility expense on account Operating Does not impact CF paid cash on account payable for supplies Operating Outflow The busines received cash from issuance of common stock Financing Inflow Received cash from a customer for service performed Operating Inflow

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