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Chapter 19 Application Questions Group A AP-1A LO e decrease or no change) using the For each item listed, indicate how the item will impact
Chapter 19 Application Questions Group A AP-1A LO e decrease or no change) using the For each item listed, indicate how the item will impact cash flow (increase, decrease of indirect method. Effect on Cash increase increase Item Net Income Increase in Accounts Payable Decrease in Accounts Receivable Purchase of Property, Plant and Equipment Payment of Notes Payable Increase in Merchandise Inventory Pay Dividends Increase in Loans Increase in Prepaid Insurance Gain on Redemption of Bonds Issue Stock in Excess of Par Value Decrease AP-2A LO 2 Indicate the section of the statement of cash flows where each item would be located (operating, investing or financing activities) using the indirect method. Section Item Change in Accounts Payable Change in Merchandise Inventory Change in Property, plant and Equipment Change in Long-Term Portion of Notes Payable Change in Current Portion of Notes Payable Change in Prepaid Rent Change in Accounts Receivable Change in Common Stock Gain on Sale of Property, Plant and Equipment Change in Paid-In Capital in Excess of Par Value Operating Operating financing AP-SALO3 The net income for the year ended on August 31 2018 August 31, 2018 for Wonderstruck Corporation was $147,000. Additione data for the year is provided below. Purchase of property, plant and equipment Depreciation of equipment Dividends paid Net increase in accounts receivable Loss on sale of property Gain on retirement of debt $257,000 $11,000 $42,000 $22,000 $17,000 $10,000 Calculate the net cash provided (used) by operating activities
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