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P17-1A Distinguish among operating. vn esting, and inancing activities. You are provided with the following transactions that took place during a recent fiscal year. (a)
P17-1A Distinguish among operating. vn esting, and inancing activities. You are provided with the following transactions that took place during a recent fiscal year. (a) Recorded depreciation expense on the plant assets. (b) Recorded and paid interest expense. (c) Recorded cash proceeds from a disposal of plant assets. (d) Acquired land by (e) Paid a cash dividend to preferred stockholders (f) Paid a cash dividend to common stockholders e Recorded cash sales. (h) Recorded sales on account. (C) Purchased inventory for cash. G) Purchased inventory on account. issuing common stock Complete the table indicating whether each item (1) affects operating (O) activities, investing (I) activities, financing (F) activities, or is a noncash (NC) transaction reported in a separate schedule, and (2) represents a cash inflow or cash outtlow or has no cash flow effect. Assume use of the indirect approach
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