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Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). (More
Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). (More than one column may be used.) Statement of Cash Flows Noncash Investing & Financing Activities Not Reported on Statement or in Notes Operating Activities Investing Activities Financing Activities X a. Paid cash to settle long-term notes payable b. Prepaid expenses increased in the year X c. Issued common stock for cash x d. Accounts receivable decreased in the year e. Inventory increased in the year X f. Purchased equipment by issuing a note x g. Accounts payable decreased in the year X h. Purchased a trademark with cash X i. Income taxes payable increased in the year X j. Sold merchandise to customer for cash X
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