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10 (10 points The Company uses the direct method for preparing the operating action of its not Chow You went to own into the art
10 (10 points The Company uses the direct method for preparing the operating action of its not Chow You went to own into the art of Cash A Added in Operating Activities section Subtracted in Operating Activities section C. Added in investing Active section D. Subtracted in investing Activities section E. Added in Financing Activities section F Subtracted in Financing Activities section Not on Statement of Cash Flows For each of the 10 items listed below, indicate the core casufication bytter is shown above in the table previded below 1. Accounts receivable decreased by $4,200 during the period. 2. Equipment was sold for cash at its book value of $14.000 2. Waimart common stock was purchased for $23.416 in cash 4. They stock was acquired for $5,200 inch 6. Preferred stock was issued for $90,000 in cash 6. Land valued at $50,000 was purchased by issuing 200 shares of common stock to the seller 7. The company received cash of $60,000 by issuing Bonds Payable with a face value of $60,oo 8 Depreciation expense of $14.100 was recorded for the period. 9. Supplies increased by $1,022 during the period 10. Inforest payable decreased by $2.134 in the period
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