ACC 305 Week 2 Problem E4 19 Wainwright Corporation

ACC 305 Week 2 Problem E4 19 Wainwright Corporation


J
Asked by 2 years ago
0 points

E4-19 - Wainwright Corporation - ACC305 Intermediate Accounting I - Ashford University

Required:

1.Analyze each transaction and classify each as a financing, investing and/or operating activity (a transaction can represent more than one type of activity). In doing so, also indicate the cash effect of each, if any. If there is no cash effect, simply place a check mark (?) in the appropriate column(s).

2.Prepare a statement of cash flows, using the direct method to present cash flows from operating activities. Assume the cash balance at the beginning of the month was 40,000.

Exercise 4-19

Requirement 1

FinancingInvestingOperating

  1. 300,000

2.?(10,000)

3.?

4.?

  1. (5,000)

6.(6,000)

7.(70,000)

8.55,000

9.?


300,000...

ACC 305
jacob

1 Answer

J
Answered by 2 years ago
0 points

Oh Snap! This Answer is Locked

ACC 305 Week 2 Problem E4 19 Wainwright Corporation

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Excerpt from file: E4-19 - Wainwright Corporation - ACC305 Intermediate Accounting I Ashford University Required: each transaction and classify each as a financing, investing and/or operating activity (a transaction can represent more than one type of activity). In doing so, also indicate the cash effect of each, if

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