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The following transactions and events occurred during the year. Assuming that this company uses the indirect method to report cash provided by operating activities, select
The following transactions and events occurred during the year. Assuming that this company uses the indirect method to report cash provided by operating activities, select where each item would appear on its statement of cash flows. a. b. c. Noncash investing and financing activities d. Not reported on statement or in notes e. Income taxes payable increased in the year Prepaid expenses increased in the year Retired bonds payable by issuing stock Inventory increased in the year Purchased land by issuing common stock Declared and paid a cash dividend Issued bonds in return for cash Paid cash to settle long-term note payable Sold merchandise to customer for cash Purchased a building with cash Statement of cash flows - financing activities f. g. h. Statement of cash flows - investing activities Statement of cash flows - operating activities i. j
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