In: Accounting
Exercise 12-1 Indirect: Cash flow classification LO C1
Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). (More than one column may be used.)
Statement of Cash flows |
Noncash Investing & Financing Activities |
Not Reported on Statement or in Notes |
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Operating Activities | Investing Activities | Financing Activities | ||||
a. | Declared and paid a cash dividend | X | ||||
b. | Recorded depreciation expense | X | ||||
c. | Paid cash to settle long-term note payable | X | ||||
d. | Prepaid expenses increased in the year | X | ||||
e. | Accounts receivable decreased in the year | X | ||||
f. | Purchased land by issuing common stock | X | ||||
g. | Inventory increased in the year | X | ||||
h. | Sold equipment for cash, yielding a loss | X | X | |||
i. | Accounts payable decreased in the year | X | ||||
j. | Income taxes payable increased in the year | X |