Final answer:
In the statement of cash flows, cash collected from customers and Salaries and Wages Expense would be under Operating Activities, cash paid for equipment under Investing Activities, and Common Stock, Notes Payable, and Dividends paid to stockholders under Financing Activities. Certain items like Cash, Supplies, and Equipment appear on the balance sheet, not the cash flow statement.
Step-by-step explanation:
The statement of cash flows includes different sections representing various types of cash flow in a business entity. Items that typically would be found in a statement of cash flows under the respective sections are:
- Operating Activities: This section would typically include the amount of cash collected from customers (f), which reflects cash inflows from primary business operations. Also, payments such as Salaries and Wages Expense (i) would appear here as cash outflows associated with operating expenses.
- Investing Activities: This section would include the amount of cash paid for equipment (a) as this represents cash outflows related to the acquisition of long-term assets utilized in producing goods or services.
- Financing Activities: This section would include transactions that affect the company’s capital structure, such as issuance of Common Stock (d) and Notes Payable (h), which indicate cash inflows from financing activities. Additionally, Dividends paid to stockholders (k) are cash outflows that fall under financing activities, as they represent payments to owners of the company.
Items like Cash (b), Supplies (e), Accounts Receivable (g), Equipment (j), and Net Income (l) are typically found on the balance sheet rather than the statement of cash flows.