Question
Read the following transactions (a-i) and: 1 . State the section(s) of the statement of cash flows prepared by the indirect method (operating, investing, financing),
Read the following transactions (a-i) and: 1 . State the section(s) of the statement of cash flows prepared by the indirect method (operating, investing, financing), 2. State the amount 3. Identify whether the amount was a cash inflow or outflow (indicate by a positive or (negative) number) (20 points) (a) Received $100,000 from the sale of land costing $80,000. (b) Purchased land for $100,000. (c) Paid $35,000 in dividends (d) Purchased equipment for $50,000 cash. (e) Inventory decreased by $3000. (f) Depreciation for the year, $70,000. (g) Issued 25,000 shares of $15 par common stock for $20 a share, receiving cash. (h) Accounts receivable decreased by $2000. (i) Bonds were issued for $100,000 cash.
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