Accountancy, asked by mohammadzyn63, 9 months ago

1. Give two examples of cash receipts and two examples of cash payments that fit into each of the following classifications: (1.5 marks) a. Operating activities. b. Investing activities. c. Financing activities. 2. Why are payments and receipts of interest classified as operating activities rather than as financing or investing activities? (1.5 marks) Part II The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2011: Using this information, prepare a statement of cash flows. Include a proper heading for the financial statement, and classify the given information into the categories of operating activities, investing activities, and financing activities. Determine net cash flows from operating activities by the direct method. Place brackets around the dollar amounts of all cash disbursements. (4 marks)

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Answered by shriyanshi1234
0
What’s ur question bro sorry but I didn’t understand
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