The statement of cash flows classifies cash inflows and outflows into three different activities: operating, investing, and financing.
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Required:
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Describe the types of transactions that would be included under each of those three activities.
What will be an ideal response?
Included under operating activities are the cash effects of transactions entered into in the earning of net income, such as cash receipts from the sale of goods and services and investment revenue, and cash disbursements for payments to suppliers of inventory to employees, for interest, and for taxes.?Investing activity transactions include the making and collection of loans (excluding interest collection) and the acquisition and disposal of investments and productive long-term assets.?Financing activity transactions include borrowing cash from and repaying cash to creditors (excluding the repayment of interest), issuing and repurchasing stock, and paying cash dividends..
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