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Assuming a statement of cash flows is prepared using the indirect method, indicate the reporting of the transactions and events listed below by major categories
Assuming a statement of cash flows is prepared using the indirect method, indicate the reporting of the transactions and events listed below by major categories on the statement. Use the following code letters to indicate the appropriate category under which the item would appear on the statement of cash flows. A Add to Operating activities B Deduct from Operating activities C Add to Cash flows from Investing activities D Deduct from Cash flows from Investing activities E. Add to Cash flows from Financing activities F. Deduct from Cash flows from Financing activities G. Not shown on the Cash Flow Statement Land is sold for cash at an amount equal to book value Choose... Increase in interest receivable Choose... Decrease in taxes payable Choose... Purchased Equipment by issuing a long term note payable. Choose... - Decrease in Accounts Receivable Choose... - Depreciation expense recorded for the period Choose... Treasury stock was acquired for cash Choose... Merchandise inventory increased during the period Choose... Common stock is issued for cash at an amount above par value Choose... Gain on the sale of equipment Choose... Land is sold for cash at an amount equal to book value Choose... Increase in interest receivable Choose... - Decrease in taxes payable Choose... Purchased Equipment by issuing a long term note payable. Choose... Decrease in Accounts Receivable Choose... Depreciation expense recorded for the period Choose... Treasury stock was acquired for cash Choose... Merchandise inventory increased during the period Choose... Common stock is issued for cash at an amount above par value Choose... Gain on the sale of equipment Choose... - Bonds Payable were acquired and retired at their carrying value Choose... - Loss on sale of investments Choose... Dividends paid during the year. Choose... Increase in prepaid expenses Choose... - Increase in Dividends receivable on investments. Choose... Accounts payable decreased during the period Choose... Proceeds from the sale of investments Choose... Building was purchased for cash Choose
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