When using the indirect method to determine operating cash flows, how is the issuance of stock to retire a long-term debt shown on a statement of cash flows? a Operating Activity b Noncash investment and financing activity c Financing Activity d Not reported on the statement of cash flows e Investing Activity

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 16CE
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When using the indirect method to determine operating cash flows, how is the issuance of stock to retire a long-term debt shown on a statement of cash flows?

a
Operating Activity
b
Noncash investment and financing activity
c
Financing Activity
d
Not reported on the statement of cash flows
e
Investing Activity
 
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