Question: Exercise 1 6 - 1 ( Static ) Indirect: Classifying Cash flows LO C 1 Indicate where each item would appear on a statement of

Exercise 16-1(Static) Indirect: Classifying Cash flows LO C1
Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s).
Note: More than one column may be used.
\table[[,Statement of Cash Flows,Noncash Investing & Financing Activities,Not Reported on Statement or in Notes],[,Operating Activities,Investing Activities,Financing Activities],[a. Declared and paid a cash dividend,,,X,,],[b. Recorded depreciation expense,X,,,,],[c. Paid cash to settle long-term notes payable,,,x,,],[d. Prepaid expenses increased in the year,x,,,,],[e Accounts receivable decreased in the year,x,,,,],[f. Purchased land by issuing common stock,,,,,],[g. Inventory increased in the year,x,,,,],[h. Sold equipment for cash, yielding a loss,,,,,],[i. Accounts payable decreased in the year,x,,,,],[j. Income taxes payable increased in the year,x,,,,]
Exercise 1 6 - 1 ( Static ) Indirect: Classifying

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