The following are several items that might be disclosed on a company's statement of cash flows presented
Question:
a. Depreciation expense
b. Issuance of common stock
c. Net income
d. Loss on sale of equipment
e. Converted bonds into common stock
f. Purchase of a building
g. Decrease in accounts payable
h. Increase in inventory
i. Sale of long-term investment
j. Payment of interest
Required:
Indicate whether each item should be classified as a cash flow from operating activities, a cash flow from investing activities, a cash flow from financing activities, or a noncash investing and financing activity.
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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