For each item listed, indicate which section of the cash flow statement it would be classified under (0 = Operating, I = Investing, F = Financing, NC = Investing or Financing Activity not affecting cash) and indicate whether the item would be reported as an increase (+) or decrease (-). If the item would not be reported in the statement (or accompanying schedule), indicate this with an X. (Hint: you will not find most of these discussed in Chapter 13. To determine affect on cash and where these items would be placed, use previous chapters to review the item and related journal entry). Also, several of these may have an effect on more than one section of the cash flow statement. (20 pts)

a. Payment for the purchase of trading securities.

b. Amortization of premium on bonds payable.

c. Retirement of common stock.

d. Sale of treasury stock.

e. Depletion expense.

f. Uncollectible account expense.

g. Monthly payment of interest and principal on installment note.

h. Proceeds from sale of copyright.

i. Amortization of intangible asset.

j. Lease Payment of equipment under capital lease

Answer rating: 100% (QA)

Transaction Cash flow Category Increase or Decrease Payment ... View the full answer