(Solution) - Below are certain events that took place at Hazzard Inc -(2025 Original AI-Free Solution)

Paper Details

Below are certain events that took place at Hazzard, Inc. , last year:
a. Short-term investment securities were purchased.
b. Equipment was purchased.
c. Accounts payable increased.
d. Deferred taxes liability decreased.
e. Long-term bonds were issued.
f. Common stock was sold.
g. A cash dividend was declared and paid.
h. Interest was paid to long-term creditors.
i. A long-term mortgage was entirely paid off.
j. Inventories decreased.
k. The company recorded net income of $1 million for the year.
l. Depreciation charges totaled $200,000 for the year.
m. Accounts receivable increased.
Required:
Prepare an answer sheet with the following headings:

Enter the events above on your answer sheet and indicate how each of them would be classified on a statement of cash flows. Place an X in the Operating, Investing, or Financing column and an X in the Source or Use column asappropriate.