Question: Exercise 1 2 - 1 ( Algo ) Indirect: Classifying Cash flows LO C 1 Indicate where each item would appear on a statement of
Exercise Algo Indirect: Classifying Cash flows LO C
Indicate where each item would appear on a statement of cash flows using the indirect method by placing an in the appropriate columns
Note: More than one column may be used.
tableStatement of Cash Flows,tableNoncashFinancingActivitiestableNot Reportedon Statementor in NotestableOperatingActivitiestableInvestingActivitiestableFinancingActivitiesa Paid cash to settle longterm notes payable,b Inventory increased in the yearc Issued common stock for cashd Accounts payable decreased in the yeare Income taxes payable increased in the yearf Retired bonds payable by issuing stockg Sold merchandise to customer for cashh Sold land in return for cashReceived a cash dividend from investmentj Recorded depreciation expense,,,,,
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