Prestige Manufacturing Corporation reports the following items in its 2013 statement of cash flows presented using the

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Prestige Manufacturing Corporation reports the following items in its 2013 statement of cash flows presented using the direct method. Indicate whether each item is disclosed in the operating activities (O), investing activities (I), or financing activities (F) section of the statement under
GAAP or use (NA) if the item does not appear on the statement.
_______ 1. Payment for equipment purchase.
_______ 2. Repayments of bank loan.
_______ 3. Dividends paid.
_______ 4. Proceeds from issuance of stock.
_______ 5. Interest paid.
_______ 6. Receipts from customers. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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