Assuming a statement of cash flows is prepared indicates the reporting of the transactions and events listed below by major categories on the statement. Use the following code letters to indicate the appropriate category under which the item would appear on the statement of cash flows.
Title___________________________________________________ Code
Cash Flows from Operating Activities Add to Net Income................A
Deduct from Net Income........................................................D
Cash flows Investing Activities................................................IA
Cash Flows from Financing Activities........................................FA
1. Patent amortization expense recorder for a period?
2. Land is sold for cash at an amount equal to book value?
3. Treasury stock was acquired for cash?
4. Accounts payable decreased during the period?
5. Prepaid expense decreased during the period?
6. Bonds payable were acquired ad retired at their carrying value?
7. Building was purchased for cash?
8. Depreciation expense recorded for the period?
9. Merchandise inventory increased during the period?
10. Common stock is issued for cash at an amount above par value?