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Unformatted text preview: r& 1. B 6. D 2. E 7. F 3. A 8. C 4. A 9. G 5. E 10. B r& Transaction Where Reported Cash Inflow, Outflow, or No Effect? (a) Recorded depreciation expense on the plant assets. O No cash flow effect (b) Recorded and paid interest expense. O Cash outflow (c) Recorded cash proceeds from a sale of plant assets. I Cash inflow (d) Acquired land by issuing ordinary shares. NC No cash flow effect (e) Paid a cash dividend to preference shareholders. F Cash outflow (f) Distributed a share dividend to ordinary shareholders. NC No cash flow effect (g) Recorded cash sales. O Cash inflow (h) Recorded sales on account. O No cash flow effect (i) Purchased inventory for cash. O Cash outflow (j) Purchased inventory on account. O No cash flow effect...
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- Spring '11