The following transactions and events occurred during the year. Assuming that this company uses the direct method
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The following transactions and events occurred during the year. Assuming that this company uses the direct method to report cash provided by operating activities, indicate where each item would appear on the statement of cash flows by placing an x in the appropriate column.
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a. Retired long-term bonds payable by issuing common stock... b. Recorded depreciation expense. c. Paid cash dividend that was declared in a prior period... d. Sold inventory for cash... e. Borrowed cash from bank by signing a 9-month note payable. f. Paid cash to purchase a patent. g. Accepted six-month note receivable in exchange for plant assets. Statement of Cash Flows Operating Activities Investing Financing Activities Activities Noncash Investing and Financing Activities Not Reported on Statement or in Note
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