For each of the following items, select the appropriate terms and indicate how the item should be reported in the statement of cash flows, using the indirect method 1 Decrease in accounts payable during a period select the appropriate term Cash outflowfinancing activityCash inflowfinancing activityDeducted from net incomeCash outflowinvesting activityCash inflowinvesting activitySignificant noncash investing and financing activityAdded to net income 2 Declaration and payment of a cash dividend select the appropriate term Deducted from net incomeCash inflowinvesting activityCash inflowfinancing activityCash outflowfinancing activitySignificant noncash investing and financing activityCash outflowinvesting activityAdded to net income 3 Loss on disposal of land select the appropriate term Added to net incomeDeducted from net incomeCash outflowfinancing activityCash inflowfinancing activitySignificant noncash investing and financing activityCash outflowinvesting activityCash inflowinvesting activity 4 Decrease in accounts receivable during a period select the appropriate term Added to net incomeCash inflowfinancing activityDeducted from net incomeCash outflowinvesting activityCash inflowinvesting activitySignificant noncash investing and financing activityCash outflowfinancing activity 5 Redemption of bonds for cash select the appropriate term Added to net incomeSignificant noncash investing and financing activityCash inflowinvesting activityCash inflowfinancing activityDeducted from net incomeCash outflowinvesting activityCash outflowfinancing activity 6 Proceeds from sale of equipment at book value select the appropriate term Deducted from net incomeCash inflowfinancing activityAdded to net incomeSignificant noncash investing and financing activityCash outflowinvesting activityCash inflowinvesting activityCash outflowfinancing activity 7 Issuance of common stock for cash select the appropriate term Cash inflowinvesting activityCash inflowfinancing activityCash outflowfinancing activitySignificant noncash investing and financing activityAdded to net incomeDeducted from net incomeCash outflowinvesting activity 8 Purchase of a building for cash select the appropriate term Cash inflowfinancing activityDeducted from net incomeSignificant noncash investing and financing activityAdded to net incomeCash outflowinvesting activityCash outflowfinancing activityCash inflowinvesting activity 9 Acquisition of land in exchange for common stock select the appropriate term Significant noncash investing and financing activityCash inflowinvesting activityAdded to net incomeDeducted from net incomeCash inflowfinancing activityCash outflowinvesting activityCash outflowfinancing activity 10 Increase in inventory during a period select the appropriate term Deducted from net incomeCash inflowinvesting activityCash outflowfinancing activityCash inflowfinancing activitySignificant noncash investing and financing activityCash outflowinvesting activityAdded to net income X Seachedboot ishx dogwilyptus com edagen it main un Return to Blackboard PLUS Kimmel, Accounting, 7e CALCULATOR CILACK PRINTER VERSION me 144 Mening 5 801 Matching Question 227 For each of the following items, select the appropriate terms and indicate how the item should be reported in the statement of cash flows, using the indirect method Deducted from net income Cath outflow financing activity 1 Decrease in accounts payable ouring a period 2 Dedaration and payment of a cash dividend 3 Loss on disposal of land 4 Decrease in accounts receivable during a period Added to income 5 Redemption of bonds for cash 6 Proceeds from sale of equipment at book value 7 Iswance of common stock for cash Cash Inflow vesting activity 0 Purchase of a building forth Cash outflow investing activity 4 9 Acquisition of or common stock 10 Increase in period 13 01 Question Attempts of used SAVE FOR LATER BRIT ANSWE

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 23, 2024

For each of the following items, select the appropriate terms and indicate how the item should be reported in the statement of cash flows, using

For each of the following items, select the appropriate terms and indicate how the item should be reported in the statement of cash flows, using the indirect method.

1.	Decrease in accounts payable during a period.	select the appropriate term Cash outflowfinancing activityCash inflowfinancing activityDeducted from net incomeCash outflowinvesting activityCash inflowinvesting activitySignificant noncash investing and financing activityAdded to net income
2.	Declaration and payment of a cash dividend.	select the appropriate term Deducted from net incomeCash inflowinvesting activityCash inflowfinancing activityCash outflowfinancing activitySignificant noncash investing and financing activityCash outflowinvesting activityAdded to net income
3.	Loss on disposal of land.	select the appropriate term Added to net incomeDeducted from net incomeCash outflowfinancing activityCash inflowfinancing activitySignificant noncash investing and financing activityCash outflowinvesting activityCash inflowinvesting activity
4.	Decrease in accounts receivable during a period.	select the appropriate term Added to net incomeCash inflowfinancing activityDeducted from net incomeCash outflowinvesting activityCash inflowinvesting activitySignificant noncash investing and financing activityCash outflowfinancing activity
5.	Redemption of bonds for cash.	select the appropriate term Added to net incomeSignificant noncash investing and financing activityCash inflowinvesting activityCash inflowfinancing activityDeducted from net incomeCash outflowinvesting activityCash outflowfinancing activity
6.	Proceeds from sale of equipment at book value.	select the appropriate term Deducted from net incomeCash inflowfinancing activityAdded to net incomeSignificant noncash investing and financing activityCash outflowinvesting activityCash inflowinvesting activityCash outflowfinancing activity
7.	Issuance of common stock for cash.	select the appropriate term Cash inflowinvesting activityCash inflowfinancing activityCash outflowfinancing activitySignificant noncash investing and financing activityAdded to net incomeDeducted from net incomeCash outflowinvesting activity
8.	Purchase of a building for cash.	select the appropriate term Cash inflowfinancing activityDeducted from net incomeSignificant noncash investing and financing activityAdded to net incomeCash outflowinvesting activityCash outflowfinancing activityCash inflowinvesting activity
9.	Acquisition of land in exchange for common stock.	select the appropriate term Significant noncash investing and financing activityCash inflowinvesting activityAdded to net incomeDeducted from net incomeCash inflowfinancing activityCash outflowinvesting activityCash outflowfinancing activity
10.	Increase in inventory during a period.	select the appropriate term Deducted from net incomeCash inflowinvesting activityCash outflowfinancing activityCash inflowfinancing activitySignificant noncash investing and financing activityCash outflowinvesting activityAdded to net income

+ X Seachedboot ishx dogwilyptus.com/edagen/it/main un Return to Blackboard PLUS Kimmel, Accounting, 7e CALCULATOR CILACK PRINTER VERSION me 144 Mening 5 801 Matching Question 227 For each of the following items, select the appropriate terms and indicate how the item should be reported in the statement of cash flows, using the indirect method Deducted from net income Cath outflow-financing activity 1. Decrease in accounts payable ouring a period 2. Dedaration and payment of a cash dividend. 3. Loss on disposal of land. 4. Decrease in accounts receivable during a period Added to income 5. Redemption of bonds for cash 6. Proceeds from sale of equipment at book value 7. Iswance of common stock for cash Cash Inflow-vesting activity 0. Purchase of a building forth Cash outflow-investing activity 4 9. Acquisition of or common stock 10. Increase in period 13:01 Question Attempts of used SAVE FOR LATER BRIT ANSWE