Question: Consider the following transactions: Requirement 1. Indicate where, if at all, each of the transactions would be reported on a statement of cash flows prepared
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Requirement
1. Indicate where, if at all, each of the transactions would be reported on a statement of cash flows prepared by the direct method and the accompanying schedule of noncash investing and financing activities.
g. Salary expense 17,000 5,200 a. Land 17,000 Cash 5,200 Cash h. Cash . ash 9,800 92,000 Common stock 92,000 9,800 Equipment c. Bonds payable i. Treasury stock 36,000 16,300 Cash Cash 16,300 36,000 j. Cash d. Building Note payable 128,000 3,200 128,000 3,200 Interest revenue k. Land c. Cash 2,200 64,000 Accounts reccivable Cash 64,000 2,200 f. Dividends payable 1. Accounts payable Cash 19,800 10,200 10,200 Cash 19,800
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