Each of the items found below might appear on a statement of cash flows. For each item,
Question:
Each of the items found below might appear on a statement of cash flows.
For each item, indicate answers as shown.
a. Would it appear on the statement of cash flows under the operating activities (O), investing activities (I), or financing activities (F) section?
b. Would it appear in the direct format (D), indirect format (I), or in both formats (B)?
c. Would it be added?
(1) Or subtracted
(2) In computing cashflow?
Transcribed Image Text:
StatemenStaterment Added or Format Subtracted? Section ecrease in taxes 2. Cash paid to suppliers of inventory 3. Dividends declared and paid 4. Depreciation expense 5. Sale of stock 6. Increase in accounts receivable 7. Cash collected from customers 8. Purchase of plant assets 10. Cash paid for taxes 11. Increase in wa 12. Purchase of treasury stock able
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Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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