Question: 50-48-45 Practice Problem Set - Week 11 Context: You are working for a company that is asking you to perform some analysis on some
50-48-45 Practice Problem Set - Week 11 Context: You are working for a company that is asking you to perform some analysis on some company financials. The company is doing great and you are being asked to perform the following analysis to report back to the CFO! Respond to the following situation. Identify the following activity pertaining to the statement of cash flows on the indirect method. Purchase of hold-to-maturity debt securities for cash. A. Operating activity as an addback item. B. Operating activity as a subtract from item. C. Investing activity. D. Financing activity. E. Not reported on statement of cash flows. Identify the following activity pertaining to the statement of cash flows on the indirect method. Sale of building. A. Operating activity as an addback item. B. Operating activity as a subtract from item. C. Investing activity. D. Financing activity. E. Not reported on statement of cash flows. Identify the following activity pertaining to the statement of cash flows on the indirect method. Decrease in accounts payable. A. Operating activity as an addback item. B. Operating activity as a subtract from item. C. Investing activity. D. Financing activity. E. Not reported on statement of cash flows.
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