The following transactions and events occurred during the year. Assuming that this company uses the indirect method to report cash provided by operating activities, indicate where each item would appear on its statement of cash flows by placing an x in the appropriate column.

Transcribed Image Text:

a. Paid cash to purchase inventory. b. Purchased land by issuing common stock. c. Accounts receivable decreased in the year. d. Sold equipment for cash, yielding a loss. e. Recorded depreciation expense. f. Income taxes payable increased in the year. g. Declared and paid a cash dividend. Statement of Cash Flows Operating Investing Financing Activities Activities Activities Noncash Investing and Financing Activities Not Reported on Statement or in Notes