Question
Cash Flows -Using the indirect method under GAAP, indicate whether each item listed is disclosed in the Operating Activities, Investing Activities, or Financing Activitiessection of
Cash Flows -Using theindirect methodunder GAAP, indicate whether each item listed is disclosed in the Operating Activities, Investing Activities, or Financing Activitiessection of the Statement of Cash Flows or use (NA) if the item does not appear on the statement. (Note: each item listed is exactly as it appears on the financial statements).
1. Proceeds from sale of company stock
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
2. Principal payment on long-term debt
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
3. Proceeds from sale of land
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
4. Purchase of Machine
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
5. Inventories (decrease)
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
6. Proceeds from issuance of debt
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
7. Accounts Payable (decrease)
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
8. Depreciation
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
9. Purchase of another company's stock
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
10. Gain on the Sale of Equipment
Select one
Operating Activity
Investing Activity
Financing Activity
N/A
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