QUESTION 1 For each activity described for the Flanders Co., indicate whether the cash flow...
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QUESTION 1 For each activity described for the Flanders Co., indicate whether the cash flow is operating (O), investing (), financing (F), or no cash flow (N). a. Flanders purchases inventory with cash. b. Flanders purchases a machine with cash. c. Flanders acquires a machine by signing a note payable. d. Flanders prepays an insurance policy that is effective for the next six months. e. Flanders borrows $10,000 through a small business loan. f. Flanders receives cash from a prior sale on account. g. Flanders acquires inventory on account. h. Flanders's employees work and earn $170,000 during July. Some wages are paid in July, and some remain payable at the end of the month. i. Flanders makes an interest payment related to the note payable in (c). j. Flanders issued a bond five years ago. Now the bond has matured and Flanders pays the face value. k. Flanders pays a dividend to shareholders. 1. Flanders sells a delivery truck, reporting a gain of $2,000
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