Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 17

Determining Cash Flow Statement Effects of Transactions
For each of the following transactions, indicate whether operating (O), investing (I), or financing activities (F) are affected and whether the effect is a cash inflow ( + ) or outflow ( ), or (NE) if the transaction has no effect on cash.
TIP; Think about the journal entry recorded for the transaction. The transaction affects net cash flows if and only if the account Cash is affected.