Discuss whether the cash is an inflow or outflow

Reference no: EM131520071

Question: Below are several transactions for Witherspoon Incorporated, a small manufacturer of decorative glass designs.

2308_Cash involved.png

Required: For each transaction, indicate

(1) whether cash is involved (yes or no), and, if cash is involved,

(2) whether Witherspoon should classify it as operating, investing, or financing in a statement of cash flows, and

(3) whether the cash is an inflow or outflow.

Reference no: EM131520071

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