Question: Refer to the information for Peterson Inc above A review of

Refer to the information for Peterson Inc. above.
A review of the balance sheet of Peterson Inc. revealed the following changes in the account balances:
a. Increase in long-term investment
b. Increase in accounts receivable
c. Increase in common stock
d. Increase in long-term debt e. Decrease in accounts payable
f. Decrease in supplies inventory
g. Increase in prepaid insurance
h. Decrease in retained earnings

Classify each change in the balance sheet account as a cash flow from operating activities (indirect method), a cash flow from investing activities, a cash flow from financing activities, or a noncash investing and financing activity.

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  • CreatedSeptember 22, 2015
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