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NEED ASAP For each of the following items, identify the section of the cash flow statement where it would appear. Use (O) for operating activities,
NEED ASAP
For each of the following items, identify the section of the cash flow statement where it would appear. Use (O) for operating activities, (I) for investing activities, (F) for financing activities, (NIF) for the schedule of noncash investing and financing activities, and (N) if the item does not appear anywhere on the cash flow statement. Assume the statement is prepared using the direct method under ASPE. a. repurchase of shares b. sale of land for cash c. depreciation of machinery d. conversion of bonds into common shares e. net income f. payment of cash dividends g. accrual of interest expense h. loss on sale of equipment i. issuance of preferred shares for cash j. purchase of stock as a long-term investment k. distribution of a 10% stock dividend 1. sales on account m. payment of income taxes n. interest received on notes receivable 0. collection of accounts receivableStep by Step Solution
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