Question

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

Required:
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.


$1.99
Sales1
Views60
Comments0
  • CreatedSeptember 22, 2015
  • Files Included
Post your question
5000