Below are several transactions for Witherspoon Incorporated,
a small manufacturer of decorative glass designs.
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. Enter N/A if the question is not
applicable to the statement.
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