Determine if each of the transactions above should be classified as an operating, investing, or…


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Determine if each of the transactions above should be classified as an operating, investing, or… 1 answer below » Real-World Case Classifying cash flow activities at five companies The following events occurred at five real-world companies. On March 17, 2008, H&R Block, Inc., announced that it had signed an agreement to sell the mortgage loan servicing business that is a part of its Option One Mortgage Corporation subsidiary for approximately $1 billion. Assume this sale was completed. On March 19, 2008, Visa, Inc., issued approximately 450 million shares of stock for almost $20 billion. On February 19, 2008, Chrysler, LLC, announced that it planned to signifi cantly expand existing engineering View complete question » Real-World Case Classifying cash flow activities at five companies The following events occurred at five real-world companies. On March 17, 2008, H&R Block, Inc., announced that it had signed an agreement to sell the mortgage loan servicing business that is a part of its Option One Mortgage Corporation subsidiary for approximately $1 billion. Assume this sale was completed. On March 19, 2008, Visa, Inc., issued approximately 450 million shares of stock for almost $20 billion. On February 19, 2008, Chrysler, LLC, announced that it planned to signifi cantly expand existing engineering operations in countries outside the United States. These plans include adding new development centers outside the country. Assume these plans were accomplished. During 2007, Target Corporation borrowed $6.75 billion using notes payable that were due to be repaid between 2013 and 2038. During 2007, Levi Strauss & Co. had cash sales of approximately $4.25 billion. Required Determine if each of the transactions above should be classified as an operating, investing, or financing activity. Also, identify each cash flow as an inflow or outflow. View less » Jul 24 2014 07:51 AM

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