DE17-5 Storage Technology Corporation prepares its statement of cash flows by the direct method for operating activities.
Question:
DE17-5 Storage Technology Corporation prepares its statement of cash flows by the direct method for operating activities. Identify the section of Storage Technology's statement of cash flows where each of the following transactions will appear. If the transaction does not appear on the cash-flow statement, give the reason.a. Cash 14.000
d. Amortization Expense... Note Payable, Long-Term .....
b. Salary Expense... 14,000 Goodwill 7,300
e. Accounts Payable. Cash.. 7,300 Cash.
c. Cash 28,400
f. Land. Sales Revenue 28,400 Cash. 6,500 6.500 1.400 1.400 90.000 90,000 Using an actual statement of cash flows Identifying operating cash flows (Obj. 2, 3)
Step by Step Answer:
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones