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Assume that I’M GOING TO ACE THE FINAL Inc. uses the indirect method to determine cash...

Assume that I’M GOING TO ACE THE FINAL Inc. uses the indirect method to determine cash flows. Indicate how each item below is classified on the statement of cash flows as either an operating activity, investing activity, financing activity, or non-cash investing and financing activity and identify whether each item would be Added or Subtracted.

Payment of accounts payable, i.e. a reduction of accounts payable:                            [ Select ]                       ["Operating", "Investing", "Financing", "Non-Cash"]         ;                            [ Select ]                       ["Added", "Subtracted", "N/A"]      

The retirement of bonds payable with cash:                             [ Select ]                       ["Operating", "Investing", "Financing", "Non-Cash"]         ;                            [ Select ]                       ["Added", "Subtracted", "N/A"]      

Interest paid on a note, i.e. a reduction of interest payable:                            [ Select ]                       ["Operating", "Investing", "Financing", "Non-Cash"]         ;                            [ Select ]                       ["Added", "Subtracted", "N/A"]      

Acquisition of a building by issuing common stock:                            [ Select ]                       ["Operating", "Investing", "Financing", "Non-Cash"]         ;                            [ Select ]                       ["Added", "Subtracted", "N/A"]      

Common Stock issued for cash:                            [ Select ]                       ["Operating", "Investing", "Financing", "Non-Cash"]         ;                            [ Select ]                       ["Added", "Subtracted", "N/A"]      

Sale of machinery for cash:                            [ Select ]                       ["Operating", "Investing", "Financing", "Non-Cash"]         ;                            [ Select ]                       ["Added", "Subtracted", "N/A"]      

Issuance of a stock dividend:                            [ Select ]                       ["Operating", "Investing", "Financing", "Non-Cash"]         ;                            [ Select ]                       ["Added", "Subtracted", "N/A"]      

Using supplies that were purchased previously, i.e. a reduction of supplies:

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ekkarill92 answered 2 years ago
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