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Cornerstone Exercise 11-14 Classification of Cash Flows Stanfield Inc. reported the following items in its statement of cash flows presented using the indirect method. Required:
Cornerstone Exercise 11-14 Classification of Cash Flows Stanfield Inc. reported the following items in its statement of cash flows presented using the indirect method. Required: Indicate whether each item should be classified as a cash flow from operating activities, a cash flow from investing activities, or a cash flow from financing activities. Decrease in inventory a. b. Paid a cash dividend to stockholders c. Purchased equipment for cash d. Issued long-term debt e. Depreciation expense f. Sold a building for cash
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