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For each of the items in the table, indicate the following: 1. Would the item appear on the statement of cash flows under operating activities

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For each of the items in the table, indicate the following: 1. Would the item appear on the statement of cash flows under operating activities (O). investing activities (I), or financing activities (F)? 2. Would the item appear on the statement of cash flows using the direct method (D) indirect method (I), or both (B)? 3. Would the item result in an increase (+) or a decrease (-) when computing cash flow? Prepare statement of cash flows (indirect method) (Learning Objective 2) Daniel Corporation uses the indirect method to prepare its statement of cash flows. Data related to cash activities for last year are as follows: S13-8 Net income Dividends paid (cash) Depreciation expense.. Net decrease in current assets.... Issued new long-term notes payable for ca Paid cash for building... Net decrease in current liabilities... Sold long-term investment for cash.. $ 92,900 50,800 $ 11,000 $ 21,000 51,800 $275,000 S 5,600 .. $100,000 Answer the following questions: 1. What was the net cash flow from operating activities for the year? 2. What was the cash flow from (or used for) investing activities for the year? 3. What was the cash flow from (or used for) financing activities for the year? 4. What was the net change in cash for the year? 5. if the beginning balance of cash for the year was $154,000, what was the balance of cash at the end of the year

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