Question
For each item below: 1. Indicate where on the statement of cash flows (operating, investing, or financing) the item will be reported. 2. For
For each item below: 1. Indicate where on the statement of cash flows (operating, investing, or financing) the item will be reported. 2. For items in the investing and financing sections, provide the activity as it would be reported. Example: If bonds payable increased, the activity would be reported as "Issued Bonds" or "Sold Bonds." In most cases, there is no exact wording required. Just describe what the company did. 3. Will the item be added or subtracted? Items 1.) Operating, Investing, or Financing A.) Accounts Payable Decreased B.) Buildings Increased C.) Accounts Receivable Increased D.) Long-Term Notes Payable Decreased E.) Prepaid Expenses Decreased F.) Taxes Payable Decreased G.) Common Stock Increased H.) Wages Payable Increased I.) Treasury Stock Increased J.) Merchandise Inventory Decreased 2.) Reported Activity (Investing and Financing Sections Only) 3.) Added or Subtracted
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