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1 2 & 1 3 Saved The following information can be obtained by examining a company's balance sheet and income statement information: a . Increases
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The following information can be obtained by examining a company's balance sheet and income statement information:
a Increases in current asset account balances, other than cash.
b Decreases in current asset account balances, other than cash.
c Cash outflows to purchase longterm assets.
d Decreases in current liability account balances.
e Cash outflows to repay longterm debt.
f Gains recognized on the sale of longterm assets.
g Noncash expenses eg depreciation
h Cash outflows to purchase treasury stock.
i Increases in current liability account balances.
j Cash inflows from the sale of longterm assets.
k Cash inflows from the issue of common stock.
I. Cash outflows to pay dividends.
Losses incurred from the sale of longterm assets.
n Cash inflows from the issue of longterm debt.
Required
For each item, indicate whether it would be used in the computation of net cash flows from operating, investing, or financing activities. Also, indicate whether the item would be added or subtracted when determining the net cash flow from operating, investing, or financing activities. Assume the indirect method is used to prepare the operating activities section of the statement of cash flows. The first item has been completed as an example.
tableItemType of Activity,Add or SubtractaOperating,SubtractbcdefghijkL
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