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Do not need question 3. EA2. LO 16.2 In which section of the statement of cash flows would each of the following transactions be included?
Do not need question 3.
EA2. LO 16.2 In which section of the statement of cash flows would each of the following transactions be included? For each, identify the appropriate section of the statement of cash flows as operating (O), investing (1), financing (F), or none (N). (Note: some transactions might involve two sections.) A. paid advertising expense B. paid dividends to shareholders C. purchased business equipment D. sold merchandise to customers E. purchased plant assets EA3 LO 16 2 In which caction of the statement of each flowe would see meactions be included? For each, identify the appropriate section of the statement of cash flows as operating (O), investing (1), financing (F), or none (). (Note: some transactions might involve two sections ) A. berrowed from the bank TO1 DUSInASS B. declared divi acnus, to be paid next year . purchased treasury stock D. purchased a two-year insurance polio E. purchased plant EA4. LO 16.3 Use the following information from Albuquerque Company's financial statements to determine operating net cash flows (indirect method). Net income $325,000 Change in accumulated depreciation (no sale of depreciable assets this year) 26,200 Loss on sale of company truck 7,800Step by Step Solution
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