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In: Accounting

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.)

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.) 

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Expert Solution

Statement of Cash flows Noncash Investing
& Financing Activities		 Not Reported on
Statement or in Notes
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

ekkarill92 answered 3 years ago
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