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The following is a list of transactions that occurred during the year. Complete the table below, indicating in which classification(s) each transaction would appear in
The following is a list of transactions that occurred during the year. Complete the table below, indicating in which classification(s) each transaction would appear in a statement of cash flows prepared using the indirect method, and whether the transaction would be added to deducted from, or have no effect on the category you have chosen. The first one has been done for you as an example, Operati Activiti Deducte 1. Purchased Inventory for cash. Sold inventory on account 2. 3. Sold equipment for cash at a loss 4. 5. 6 Recorded depreciation on equipment. Paid dividends. Recorded an unrealized loss on a long-term equity investment carried at fair value through profit or loss. Collected an account from a customer. Signed and received a mortgage payable. 7 8. 9. Paid, in full, the current portion of a mortgage payable. 10. Purchased land by issuing common shares. The following is a list of transactions that occurred during the year. Complete the table below, indicating in which classification(s) each transaction would appear in a statement of cash flows prepared using the indirect method, and whether the transaction would be added to deducted from or have no effect on the category you have chosen. The first one has been done for you as an example, Operating Activities Deducted Investing Actioities No Effect Financing Activities No Effect Noncash Activities No Effect hrough proht or loss. >
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