Prestige Manufacturing Corporation reports the following items in its statement of cash flows presented using the direct
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Prestige Manufacturing Corporation reports the following items in its 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.
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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