Classification of Items on the Statement of Cash Flows Classify each of the following items according to

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Classification of Items on the Statement of Cash Flows Classify each of the following items according to the section on the statement of cash flows in which it should appear: operating (O), investing (I), or financing (F):

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 01:59 AM

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Classification of Items on the Statement of Cash Flows Classify each of the following items according to

Question:

Item Section Example: Cash paid for insurance 1. Cash paid for land 2. Cash received from issuance of note 3. Cash paid for dividends 4. Cash received from issuance of 5. Cash collected from customers 6. Cash paid for income taxes capital stock

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Item Section 1 Cash paid for land I 2 Cash ...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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