Identify the section of the statement of cash flows where each of the following would be reported.
Question:
1. Increase in income taxes payable - Select-Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 1
2. Dividends received on investment -Select-Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 2
3. Sale of machinery held for use by the company - Select-Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 3
4. Issuance of bond payable -Select-Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 4
5. Purchase of the stock of another company as investment-Select-Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 5
6. Decrease in inventory - Select-Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 6
7. Exchange of land for note payable -Select-Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 7
8. Payment of dividends to stockholders - Select - Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 8
9. Increase in accounts receivable -Select-Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 9
10. Loss on sale of equipment -Select-Financing activities Operating activities Investing activities Schedule of non-cash financing and investing Item 10
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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