Alfred company manufactures mens clothing during 2012 the, Ask an Expert

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Alfred Company manufactures men's clothing. During 2012, the company reported the following items that affected cash. Indicate whether each of these items is a cash flow from operating activities (O), investing activities (I), or financing activities (F) and whether it would be a cash inflow (+) or cash outflow (-) for the company.

Transaction	Activity	Flow
Purchased equipment by paying cash
Collected cash on account from customers
Paid dividends to shareholders
Paid cash for supplies
Paid suppliers for fabric
Borrowed money from bank on a long-term note
Paid wages to employees
Sold shares of stock to new stockholders

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92640750

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