Question

Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals the following items.
1. Purchase of a patent.
2. Depreciation expense.
3. Decrease in accounts receivable.
4. Issuance of a note payable.
5. Increase in inventory.
6. Collection of notes receivable.
7. Purchase of equipment.
8. Exchange of long-term assets.
9. Decrease in accounts payable.
10. Payment of dividends.

Required:
Indicate in which section of the statement of cash flows each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note.



$1.99
Sales3
Views94
Comments0
  • CreatedJuly 15, 2014
  • Files Included
Post your question
5000