A company uses the indirect method to prepare the statement of cash flows. Indicate whether each of the following transactions affects an operating activity, an investing activity, a financing activity, or a noncash investing and financing activity:

Transcribed Image Text:

A1 Н 61,000 Equipment Cash Furniture and Fixtures Cash Cash Cash Common Stock Paid-in Capital in Excess of Par h. 11,000 a. 10,000 11,000 i. 51,000 18,000 b. Dividends Payable 13,000 18,000 4 Cash Cash j. Accounts Receivable 13,000 52,000 11,000 7,000 C. Service Revenue Long-Term Investment d. Building Note Payable-Long-Term Treasury Stock Cash f. Depreciation Expense Accumulated Depreciation 7,000 63,000 k. Salary Expense 105,000 14,000 Cash Loss on Disposal of Equipment Equipment, Net Bonds Payable Cash 105,000 T. 14,000 12,000 1,000 10 11 12 e. 12,000 1,000 5,000 m. 35,000 5,000 35,000 13 14 g. Land 15,000 Cash 15 16 15,000