Prestige Manufacturing Corporation reports the following items in its 2010 statement of cash flows presented using the

Question:

Prestige Manufacturing Corporation reports the following items in its 2010 statement of cash flows presented using the direct method. Indicate whether each item is disclosed in the operating activities (O), investing activities (1), or financing activities (F) section of the statement under GAAP or (NA) if the item does not appear on the statement.

_________ 1. Payment for equipment purchase. 

_________ 2. Repayments of bank loan. 

_________  3. Dividends paid.

_________  4. Proceeds from issuance of stock.

_________  5. Interest paid.

_________  6. Receipts from customers.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

Question Posted: