ACC 221: CASH FLOW
22 Cards in this Set
| Front | Back |
|---|---|
|
Issuance of Common Stock
|
Source >>>Financing Activity
|
|
• Issuance of Note payable Long-term
|
source >>> Financing Activity
|
|
Buy Land
|
USE >>>> INVESTING ACTIVITY
|
|
Buy Equipment
|
USE >>>>>>>> INVESTING ACTIVITY
|
|
Paying Dividends to Stockholders
|
USE >>>>>> FINANCING ACTIVITY
|
|
Buy Supplies
|
USE >>>>> OPERATING ACTIVITY
|
|
Pay Rent
|
USE >>>>> OPERATING ACTIVITY
|
|
Pay Wages
|
USE >>>>> OPERATING ACTIVITY
|
|
Collect Revenue
|
SOURCE>>>>> OPERATING ACTIVITY
|
|
Pay Interest to bank
|
USE >>>>> OPERATING ACTIVITY
|
|
Depreciation
|
SOURCE>>>>> OPERATING ACTIVITY
|
|
• Asset Line Items—Rules for assigning an S or a U to the change
|
Decreases Source of cash
Increases Use of cash
|
|
• Liability and Equity Line Items—Rules for assigning an S or a U to the change
|
Increases Source of cash
Decrease >>>> Use
|
|
Operating Activities
|
cash in and out flows resulting from transactions affecting Net Income, revenue or expense accounts
|
|
Contra-Asset Line Items—Rules for assigning an S or a U to a change
|
increases (becomes more negative) Source of Cash
o decreases (becomes less negative Use of Cash
|
|
Investing Activities
|
cash in and out flows resulting from the purchase or sale of long-lived productive assets (primarily fixed assets)
|
|
Financing Activities:
|
cash in and out flows resulting from transactions with owners, or borrowing on notes/bonds/mortgages etc. from creditors
|
|
TREASURY STOCK
|
USE>>>>>> financing activity
|
|
merchandise inventory
|
operating
|
|
PrePaid Insurance
|
operating
|
|
gain/loss on sale of land *one in equity
|
gain U<<>>>>LOSS S>>>>>>Operating
|
|
Sell land
|
source and investment
|
ACC 221: CASH FLOW