For each of the following activities that may take place during the accounting period, indicate the effect on the statement of cash flows prepared using the indirect method. Choices may be selected as the answer for more than one question. Increase cash from operating activities b. Decrease cash from operating activities Increase cash from investing activities d. Decrease cash from investing activities Increase cash from financing activities Decrease cash from financing activities g. Non-cash investing and financing supplement a. c. e. f. 1. Purchase of equipment Repayment of long-term note payable 2. Amortization of intangible assets 3. Exchange of land for common stock 4. 5. Payment of dividends 6. Sale of land nents
For each of the following activities that may take place during the accounting period, indicate the effect on the statement of cash flows prepared using the indirect method. Choices may be selected as the answer for more than one question. Increase cash from operating activities b. Decrease cash from operating activities Increase cash from investing activities d. Decrease cash from investing activities Increase cash from financing activities Decrease cash from financing activities g. Non-cash investing and financing supplement a. c. e. f. 1. Purchase of equipment Repayment of long-term note payable 2. Amortization of intangible assets 3. Exchange of land for common stock 4. 5. Payment of dividends 6. Sale of land nents
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 15CE: Classification of Cash Flows Patel Company reported the following items in its statement of cash...
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