The following transactions and events occurred during the year. Assuming that this company uses the indirect method
Question:
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.
Statement of Cash Flows Noncash Not Investing Reported on Operating Investing Financing and Financing Statement Activities Activities Activities Activities or in Notes
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. . . . . . . . . . . . . . _____ _____ _____ _____ _____ h. Accounts payable decreased in the year . . . . . . . . . _____ _____ _____ _____ _____ i. Paid cash to settle bond payable . . . . . . . . . . . . . . . _____ _____ _____ _____ _____ j. Prepaid expenses increased in the year . . . . . . . . . . _____ _____ _____ _____ _____AppendixLO1
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Financial Accounting Information For Decisions
ISBN: 9780073043753
4th Edition
Authors: John J. Wild