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QUESTION 2 Listed below are the reporting classifications for a statement of cash flows using the indirect method for reporting operating cash flows. Indicate
QUESTION 2 Listed below are the reporting classifications for a statement of cash flows using the indirect method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by cach transaction. Payment of semi-annual interest on bonds payable. Acquisition of a building for cash. A Financing cash inflow B. Operating activity, positive adjustment to net income C. Operating activity, negative adjustment to net income D Issuance of bonds at a discount for cash. D. Investing cash outflow E. Decrease in account payable.. Operating activity, no adjustment to net income Depreciation expense.
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