Question

Patel Company reported the following items in its statement of cash flows presented using the indirect method.
a. Issuance of common stock
b. Cash paid for interest
c. Sold equipment for cash
d. Receipt of cash dividend on investment
e. Repayment of principal on long-term debt
f. Loss on disposal of equipment.

Required:
Indicate whether each item should be classified as a cash flow from operating activities, a cash flow from investing activities, or a cash flow from financing activities.


$1.99
Sales2
Views49
Comments0
  • CreatedSeptember 22, 2015
  • Files Included
Post your question
5000