16.1,2

Saved Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). (More than one column may be used.) Statement of Cash Flows Noncash Investing & Financing Activities Not Reported on Statement or in Notes Operating Activities Investing Activities Financing Activities a. Declared and paid a cash dividend b. Recorded depreciation expense c Paid cash to settle long-term note payable d. Prepaid expenses increased in the year e. Accounts receivable decreased in the year 1. Purchased land by issuing common stock g. Inventory increased in the year n. Sold equipment for cash, yielding a loss 1. Accounts payable decreased in the year Income taxes payable increased in the year Prey 1 of 7 Next > Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X column(s). (More than one column may be used.) Statement of Cash Flows Noncash Investing & Financing Activities Not Reported on Statement or in Notes Operating Investing Activities Activities Financing Actives b a Declared and paid a cash dividend Recorded depreciation expense c. Paid cash to settle long-term note payable d. Prepaid expenses increased in the year e Accounts receivable decreased in the year 1. Purchased land by issuing common stock 9. Inventory increased in the year h. Sold equipment for cash, yielding a loss 1 Accounts payable decreased in the year Income taxes payable increased in the year Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues $100,000 Expenses: Salaries expense 84,000 Utilities expense 14,000 Depreciation expense 14,600 Other expenses 3,480 Net loss $(16,000) Selected Year-End Balance Sheet Data Accounts receivable decrease $24,000 Purchased a machine for cash 10,000 Salaries payable increase 18,000 Other accrued liabilities decrease 8,000 Prepare the operating activities section of the statement of cash flows using the indirect method. (Any loss or amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Next 2 of 7