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Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following tema for you to consider in preparing the
Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following tema for you to consider in preparing the statement Click the icon to view the items.) Identify each item as a(n): Operating activity addition to net income (O) or subtraction from net income (0-) Investing activity-cash inflow (1+) or cash outflow (1) Financing activity-cash inflow (F+) or cash outflow (F-) Activity that is not used to prepare the indirect statement of cash flows (N) OOZTIT a. Increase in accounts payable 1. Payment of dividends F Decrease in accrued liabilities F Lissuance of common stock Gain on sale of building N Loss on sale of land O Depreciation expense jul. Increase in merchandise inventory 1. Decrease in accounts receivable Purchase of equipment Choose from any drop-down list and then continue to the next question MacBook Air
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