For each of the following activities that may take place during the accounting period, indicate the effect on the statement of cash flows prepared using the indirect method. Choices may be selected as the answer for more than one question.

A. Increase cash from operating activities

B. Decrease cash from operating activities

C. Increase cash from investing activities

D, Decrease cash from investing activities

E. Increase cash from financing activities

F. Decrease cash from financing activities

G. Non-cash investing and financing supplementItem

1. Purchase of equipment

2. Repayment of long-term note payable

3. Amortization of intangible assets

4. Exchange of land for common stock

5. Payment of dividends

6. Sale of land

7. Gain on sale of investments

8. Acquisition of treasury stock

9. Increase in Accounts Receivable balance

10. Decrease in Accounts Payable balance

Answer rating: 100% (QA)

1 Purchase of equipment Decrease cash from investing activity 2 Repay... View the full answer