I need help identifying each of the following. I need to identify if they are in
ID: 2442398 • Letter: I
Question
I need help identifying each of the following. I need to identify if they are inflows, outflows or a non cash activity.a. redeemed 25% of a $10,00 bond issue of 10% debenture bonds
b. Borrowed money by issueing long term debt
c. wrote off an individual customer's acct rec.
d. issued commmon stock to an attorney for work done for the company
e. payment of an acct payable
f. acquisition of treasury stock for cash
g. sold office equipment at a gain on account
h. bought a truck with a down payment and signed a note payable for the balance
Explanation / Answer
a. cash outflow b. cash inflow c. non cash activity d.non cash activity e.cash outflow f.cash outflow g. cash inflow h. cash outflow
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