Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

18. value: 9.00 points M12-3 Matching Items Reported to Cash Flow Statement Categories (Direct Method) LO12-1 Telstra, Australia's largest telecommunications and media company, has net

image text in transcribed

18. value: 9.00 points M12-3 Matching Items Reported to Cash Flow Statement Categories (Direct Method) LO12-1 Telstra, Australia's largest telecommunications and media company, has net revenue of more than $26 billion (Australian). Some of the items included in its recent annual consolidated statement of cash flows presented using the direct method are listed here. Indicate whether each item is disclosed in the Operating Activities (O), Investing Activities (1), or Financing Activities (F) section of the statement or use (NA) if the item does not appear on the statement. (Note: This is the exact wording used on the actual statement.) 1. Receipts from customers. 2. Dividends paid. 3. Payment for share buy-back (repurchase of company stock). 4. Proceeds from sale of property, plant, and equipment. 5. Repayments of borrowings (bank debt). F 6. Income taxes paid. O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions