Question
1 . State the section(s) of the statement of cash flows prepared by the indirect method (operating, investing, financing), 2. State the amount 3. Identify
1 . State the section(s) of the statement of cash flows prepared by the indirect method (operating, investing, financing),
2. State the amount
3. Identify whether the amount was a cash inflow or outflow (indicate by a (negative) or positive number)
a.) Received $100,000 from the sale of equipment that orignally cost $50,000 (there are two answers for this item).
b.) Purchased a building for $150,000.
c.) Paid $25,000 in dividends.
d.) Purchased invesments for $30,000 cash.
e.) Inventory increased by $3000.
f.) Depreciation for the year, $10,000.
g.) Issued 50 shares of $10 par common stock for $25 a share, receiving cash.
h.) Accounts receivable increased by $1000.
i.) Accounts Payable increased by $1000.
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