Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash, or neither (N). Col1 Item Change ($) Cash + 100 Accounts payable?1,000 Notes payable + 500 Long-term debt?2,000 Inventory + 200 Fixed assets + 400 Col2 Item Change ($) Accounts receivable?700 Net profits + 600 Depreciation + 100 Long-term debt?2,000Repurchase of stock + 600 Cash dividends + 800 Sale of stock + 1,000
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Home » Business » Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash, or neither (N).