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Exercise 12-1 Indirect: Cash flow classification LO C1 The following transactions and events occurred during the year. Assuming that this company uses the indirect method
Exercise 12-1 Indirect: Cash flow classification LO C1 The following transactions and events occurred during the year. Assuming that this company uses the indirect method to report cash provided by operating activities, select where each item would appear on its statement of cash flows. a. b. Retired bonds payable by issuing stock Purchased a building with cash Sold land in return for cash Issued bonds in return for cash c. Issued common stock for cash g. | Accounts payable decreased in the year Sold equipment for cash, yielding a loss Recorded depreciation expense Paid cash to settle long-term note payable Purchased a trademark with cash j
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