Chapter 8 mistakes

Question 1

What are investing activities

Answer 1

purchase of PP&E
Dispose of PP&E
Making a payment to someone (cash advance)

Question 2

What are financing activities

Answer 2

Repyamnt of a bank loan
Getting a bank loan
Change in common shares (Increasing)
Buying back common shares (if account decreases)
Dividends paid

Question 3

When we do operating activities

Answer 3

we add net income

Question 4

For non cash items whata re they

Answer 4

depreication (acc dep) or dep expense
gain or loss on asset disposal