For each item listed, identify the activity and whether it is an inflow, an outflow or...

For each item listed, identify the activity and whether it is an inflow, an outflow or of a non-cash nature.

Complete the table below.

	Item	Activity	Cash Flow
a	Dividends received
b	Taxation paid
c	Payments to suppliers and employees
d	Interest Paid
e	Purchase of property, plant, and equipment
f	Bonus issue of shares
g	Dividends paid
h	Proceeds on sale of investments
i	Interest received
j	Long-term borrowing
k	Goodwill write-down (impairment)
l	Profit on sale of equipment

For Activity choose 1 option of either:

1: Financing

2: Investing

3: Non-cash

4: Operating

For cash flow choose an option of either:

1: inflow

2: non-cash nature

3: outflow

Expert Solution

	Item	Activity	Cash flow
a	Dividends received	Investing	Inflow
b	Taxation paid	Operating	Outflow
c	Payment to supplier and employees	Operating	Outflow
d	Interest paid	Financing	Outflow
e	Purchase of property, Plant and Equipment	Investing	Outflow
f	Bonus issue of shares	Financing	Inflow
g	Dividends paid	Financing	Outflow
h	Proceeds on sale of Investments	Investing	Inflow
i	Interest received	Investing	Inflow
j	Long term borrowing	Financing	Inflow
k	Goodwill written down(impairment)	Non-cash	Non-cash
l	Profit on sale of equipment	Investing	Inflow




Basically, there are three section of financial statement. Operating Profit and changes in working capital
denotes operating activity. Any kind of financing taken from stockholder or borrowers and related payments
towards dividends and interest forms Financing activity. Any kind of Investment whether made in property, plant
and Equipment or short term or long term investment or loans provided and related receipt from such
investment forms Investing activity. All these activities should result in actual cash inflow or cash outflow.
Transaction like depreciation or amortization or writing off or impairment of goodwill are examples of Non-cash
activities of businesses

ekkarill92 answered 2 years ago

Classify the following changes in each of the accounts as either an outflow or an inflow of cash.

FIN101 Assignment Question(s): Classify the following changes in each of the accounts as either an outflow or an inflow of cash. Is a decrease in land and buildings an inflow or an outflow of cash? Is an increase in accounts payable an inflow or an outflow of cash? Is a decrease in vehicles an inflow or an outflow of cash? Is an increase in accounts receivable an inflow or an outflow of cash? Is the payment of...

For each item listed below, indicate whether it involves a: a. permanent difference.

For each item listed below, indicate whether it involves a:a. permanent difference.b. temporary difference that will result in future deductible amounts (giving rise to deferred tax assets).c. temporary difference that will result in future taxable amounts (giving rise to deferred tax liabilities).____ 1. Rent is collected in advance from a tenant. Rent is taxable when received.____ 2. Warranty costs are accrued at the time of sale for accounting purposes, but are not deductible until paid for income tax purposes.____ 3....

Listed below is a group of temporary differences. For each item, identify if it leads to...

Listed below is a group of temporary differences. For each item, identify if it leads to a deferred tax asset (DTA) or a deferred tax liability (DTL). 1. Accrued of a loss contingency; tax deductible when paid. 2. Prepaid rent; tax deductible when paid 3. Warranty expenses estimated for financial reporting purposes; deductible for tax purposes when paid 4. Unrealized loss from recording investments at fair value; tax deductible when investments are sold 5. Advance rent receipts on an operating...

Several specific audit procedures are listed below. For each item, identify the type of procedure listed...

Several specific audit procedures are listed below. For each item, identify the type of procedure listed and which of the assertions is being addressed by the procedure. (a) Examine a list of investment securities held by the client’s trustee. (b) For a sample of transactions posted to the client’s accounts payable subsidiary ledger, examine supporting purchase orders and receiving reports agreeing amounts and information. (c) Send a written request to the client’s customer for verification of the amount owed to...

Identify the control activity that is applicable to each item in the table shown below: 1...

Identify the control activity that is applicable to each item in the table shown below: 1 All cash is deposited intact, in the bank account, daily. 2 Blank cheques are stored in a safe in the controller’s office. 3 All cashiers are bonded. 4 All over-the-counter receipts are recorded on cash registers. 5 All payments, except for petty cash transactions, are made by cheque. 6 Cheque signers are not allowed to record cash payment transactions. 7 Company cheques are pre-numbered....

. Bath salts are typically composed of the ingredients listed below. Identify each item as being...

. Bath salts are typically composed of the ingredients listed below. Identify each item as being acidic, basic, or neutral when dissolved in water. If a particular ingredient does make an acidic or basic solution, describe how this occurs. Use the results of your in-lab observations, as well as your textbook and the provided Supplemental Information on pages 65-66, to support your conclusions. NaCl NaHCO3 sodium citrate Na2SO4 MgHPO4 CaCl2 2. In Experiment SOL, you investigated the solubility of oxalic...

Listed below are ten separate situations. For each item indicate whether the difference is (1) temporary...

Listed below are ten separate situations. For each item indicate whether the difference is (1) temporary creating a deferred tax asset (DTA) or a deferred tax liability (DTL) or (2) permanent by marking an X in the appropriate column. ITEM Temporary - DTA Temporary - DTL PERMANENT Pension fund contributions are less than pension expense for the current year, resulting in a pension liability on the company’s balance sheet. Dividend revenue recognized for accounting while a portion is deductible for...

Listed below are costs found in various organizations. Required: For each cost item, indicate whether it...

Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. Manufacturing Cost Cost Item Variable or Fixed Selling Cost Admin....

For each item listed below, indicate whether you feel it relates to financial or managerial accounting....

For each item listed below, indicate whether you feel it relates to financial or managerial accounting. Explain your reasoning behind your answer for each item. a. Projected net income for next quarter by division b. Defective goods produced as a percentage of all goods produced c. Income statement for the most current year, prepared in accordance with U.S. GAAP. d. Monthly sales broken down by geographic region e. Production department budget for the next quarter. f. Balance sheet at the...

A trade deficit implies which of the following? an outflow of financial capital. an inflow of...

A trade deficit implies which of the following? an outflow of financial capital. an inflow of financial capital. imports result in fewer jobs in the domestic economy. Foreigners profit at the expense of the domestic economy.

Question