Denver Company prepares its statement of cash flows using the direct method and engaged in the following
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Question:
Denver Company prepares its statement of cash flows using the direct method and engaged in the following transactions during 2010:1.Denver retired bonds payable by issuing common stock.2.Denver collected on a long-term note receivable.3.Denver issued a stock dividend.4.Denver recorded depreciation on fixed assets. 5.Denver paid interest on long-term debt.Which of these transactions or parts of these transactions would be included in the financing activity section of the statement of cash flows?
a. Transaction 1
b. Transaction 3
c. Transactions 1 & 3
d. None of these transactions would be found in the financing activity section.
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
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