The following transactions and events occurred during the year. Assuming that this company uses the direct method
Question:
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.
Statement of Cash Flows Noncash Not Investing Reported on Operating Investing Financing and Financing Statement Activities Activities Activities Activities or in Notes
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. . . . . . . . . . . . . . . . . . . _____ _____ _____ _____ _____ h. Paid cash toward accounts payable. . . . . . . . . . . . . . _____ _____ _____ _____ _____ i. Collected cash from sales. . . . . . . . . . . . . . . . . . . . _____ _____ _____ _____ _____ j. Paid cash to acquire treasury stock. . . . . . . . . . . . . _____ _____ _____ _____ _____AppendixLO1
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Financial Accounting Information For Decisions
ISBN: 9780073043753
4th Edition
Authors: John J. Wild