Question
Instructions: Each of the events below may have an effect on the indirect statement of cash flows. Designate how the event should be reported within
Instructions: Each of the events below may have an effect on the indirect statement of cash flows. Designate how the event should be reported within the statement of cash flows using the codes provided below. Codes may be used more than once, or not at all. Codes A. Investing activity; cash inflow B. Investing activity; cash outflow C. Financing activity; cash inflow D. Financing activity; cash outflow E. Operating activity; cash inflow F. Operating activity; cash outflow G. Noncash investing and financing activity Events _____ 1. Issued bonds payable for cash _____ 2. Paid an account payable _____ 3. Issued checks for the weekly payroll _____ 4. Purchased treasury stock for cash _____ 5. Paid cash for a new car for a traveling salesperson _____ 6. Declared and paid a cash dividend _____ 7. Converted bonds payable into common stock _____ 8. Received interest on a long-term bond investment _____ 9. Paid cash for 40% interest in another company _____ 10. Sold a long-term stock investment for cash at book value
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