Crooked River Corporation is preparing its statement of cash flows (indirect method) for the past year....
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Crooked River Corporation is preparing its statement of cash flows (indirect method) for the past year. Listed below are items used in preparing the company's statement of cash tiows. Specify how each item would be treated on Crooked River Corporation's statement of cash flows by using the following abbreviations. Operating activity - addition to net income (O+) Operating activity - subtracion from net income (0-) Financing activity (F) Investing activīty (1) Activity that is not on the statement of cash flows (NA) 1. 2. 3. 5. a Amortization expense b. Retained eamings C. Decrease in prepaid expense d. Loss on sale of land e. Issuance of common stock f. Purchase of equipment g. Increase in accrued liabilities h. Increase in inventory Increase in accounts payable Repayment of long-term loan k. Gain on sale of building L Payment of dividends Choose from any drop-down list and then continue to the next question. Save for Later 2:23 AM ENG 2020-06-10 0員 O Start a search Crooked River Corporation is preparing its statement of cash flows (indirect method) for the past year. Listed below are items used in preparing the company's statement of cash tiows. Specify how each item would be treated on Crooked River Corporation's statement of cash flows by using the following abbreviations. Operating activity - addition to net income (O+) Operating activity - subtracion from net income (0-) Financing activity (F) Investing activīty (1) Activity that is not on the statement of cash flows (NA) 1. 2. 3. 5. a Amortization expense b. Retained eamings C. Decrease in prepaid expense d. Loss on sale of land e. Issuance of common stock f. Purchase of equipment g. Increase in accrued liabilities h. Increase in inventory Increase in accounts payable Repayment of long-term loan k. Gain on sale of building L Payment of dividends Choose from any drop-down list and then continue to the next question. Save for Later 2:23 AM ENG 2020-06-10 0員 O Start a search
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O a Amortization expense NA b Retained earnings O c Decrease in pre... View the full answer
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