Question: 15. (4 points) The following items may be reflected in a companys statement of cash flows. For each item, indicate which, if any, of the
15. (4 points) The following items may be reflected in a companys statement of cash flows. For each item, indicate which, if any, of the 3 sections of the statement of cash flows the item would be reflected in. Assume the statement is prepared using the indirect method.
1. Selling a fixed asset for more than book value.
2. Using cash to purchase a fixed asset.
3. Using cash to buy back our own company stock.
4. Using cash to purchase 100 shares of stock in another company.
5. Borrowing money.
6. Using cash to pay a dividend to stockholders.
7. Issuing stock in exchange for $500,000.
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