Question
For each of the following activities that may take place during the accounting period, indicate the effect (a-g) on the statement of cash flows prepared
For each of the following activities that may take place during the accounting period, indicate the effect (a-g) on the statement of cash flows prepared using the indirect method.Choices may be selected as the answer for more than one question.
Purchase of equipment [ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Repayment of long-term note payable [ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Amortization of intangible assets[ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Exchange of land for common stock [ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Payment of dividends[ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Sale of land [ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Gain on sale of investments [ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Acquisition of treasury stock [ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Increase in accounts receivable balance [ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Decrease in accounts payable balance [ Choose ] Increase cash from investing activities Decrease cash from financing activities Increase cash from financing activities Decrease cash from operating activities Decrease cash from investing activities Noncash investing and financing supplement Increase cash from operating activities
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started