Solved

How Would These Items Be Classified in a Statement of Cash

Question 41

Multiple Choice

How would these items be classified in a statement of cash flows prepared for a hairdressing franchise?

i) Payment of $600 for hairdressing supplies.
Ii) Takings from customers for the month.
Iii) Capital paid into the business by the owner.


A) i. Operating outflow.
ii. Operating inflow.
Iii. Does not appear in the statement of cash flows.
B) i. Investing outflow.
ii. Operating inflow.
Iii. Financing inflow.
C) i. Operating outflow.
ii. Operating inflow.
Iii. Financing inflow.
D) i. Operating outflow.
ii. Operating inflow.
Iii. Investing inflow.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions