Using indirect method
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. Purchased a trademark with cash b. Sold land in return for cash c. Sold merchandise to customer for cash d. Prepaid expenses increased in the year t of cash flows -investing activities Statement of cash flows-investing activities Not reported on statement or in notes nvesting and finanoing activities e Inventory increased in the year Sold equipment for cash, yielding a loss Purchased a building with cash tatement of cash fows-investing activities Statement of cash flows- investing activites Statement of cash fows financing activities Not h. Received a cash dividend from investments Purchased equipment by issuing a note reported on statement or in notes Noncash investing and finanoing activities Incoe taxes payable increased in the year 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. Purchased a trademark with cash b. Sold land in return for cash c. Sold merchandise to customer for cash d. Prepaid expenses increased in the year t of cash flows -investing activities Statement of cash flows-investing activities Not reported on statement or in notes nvesting and finanoing activities e Inventory increased in the year Sold equipment for cash, yielding a loss Purchased a building with cash tatement of cash fows-investing activities Statement of cash flows- investing activites Statement of cash fows financing activities Not h. Received a cash dividend from investments Purchased equipment by issuing a note reported on statement or in notes Noncash investing and finanoing activities Incoe taxes payable increased in the year