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Exercise 17-2 nformation to the contrary Indicate how each item should be dlassified in the statement of cash flows the current years income statement, and
Exercise 17-2 nformation to the contrary Indicate how each item should be dlassified in the statement of cash flows the current years income statement, and the general ledger accounts of wellman Corp, uncovered the following items. Assume all tems involve cash unless there s using these four major dassifications: operating activity (indirect method), Investing activity, financing adtivity, and signficant noncash investing and financing activity. (a) Payment of interest on notes payable (b) Exchange of land for patent c) Sale of building at book value (d) Payment of dividends (n) Receipt of dividends on investment in stock (a) Receipt of interest on notes receivable. h) Issuance of common stock
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