The Buckle, Inc., operates 387 stores in 39 states, selling brand name apparel like Lucky jeans and
Question:
The Buckle, Inc., operates 387 stores in 39 states, selling brand name apparel like Lucky jeans and Fossil belts and watches. Some of the items included in its 2008 statement of cash flows presented using the indirect method are listed here. Indicate whether each item is disclosed in the operating activities (O), investing activities (I), or financing activities (F) section of the statement or (NA) if the item does not appear on the statement.
___________ 1. Purchase of investments.
___________ 2. Proceeds from issuance of stock.
___________ 3. Purchase of property and equipment.
___________ 4. Depreciation.
___________ 5. Accounts payable (decrease).
___________ 6. Inventories (increase).
Step by Step Answer:
Managerial Accounting
ISBN: 9780078110771
1st Edition
Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips