Question: Stanfield Inc reported the following items in its statement of

Stanfield Inc. reported the following items in its statement of cash flows presented using the indirect method.
a. Decrease in inventory
b. Paid a cash dividend to stockholders
c. Purchased equipment for cash
d. Issued long-term debt
e. Depreciation expense
f. Sold a building for cash

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.


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  • CreatedSeptember 22, 2015
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