Question: Exercise 16-1 Classifying transactions on statement of cash flows (indirect method) LO5 The following transactions occurred during the year. Assuming that the company uses the

Exercise 16-1 Classifying transactions on statement of cash flows (indirect method) LO5

The following transactions occurred during the year. Assuming that the company uses the indirect method of reporting cash provided by operating activities, indicate the proper accounting treatment for each transaction listed below by placing an X in the appropriate column.

5 - Graded LP5.1 Assignment: X Homework Help - Q&A from X Grades - accBF005 - Corporat X |Class Corporate Accounting i x Exercises X X C A prod.reader-ui.prod.mheducation.com/epub/sn_beeda/data-uuid-8603afbbf3ef43a68165590a8a52650a G kk Paused Aa operating activities, indicate the proper accounting treatment for each transaction listed below by placing an X in the appropriate column. Statement of Cash Flows Note Describing Non- Not Reported on Operating Investing Financing Cash Investing and Statement or in Activities Activities Activities Financing Activities Footnote a. Land was purchased by issuing common shares....... b. Recorded depreciation expense.. .... c. Income tax payable increased by 15% from prior year..... d. Declared and paid a cash dividend.. 11 11 1 11 11 11 e. Paid cash to purchase merchandise 11 II inventory..... f. Sold equipment at a loss.. g. Accounts receivable decreased during the year.... Type here to search O Fi X 8:36 PM 5.C Partly cloudy 10/24/2021 565 - Graded LP5.1 Assignment: X Homework Help - Q&A from X Grades - accBF005 - Corporat X | Class Corporate Accounting i x Exercises X X C A prod.reader-ui.prod.mheducation.com/epub/sn_beeda/data-uuid-8603afbbf3ef43a68165590a8a52650a G kk Paused Aa Adjust by Adding Subtracting 1. Changes in non-cash current assets: a. Increases...... b. Decreases... 2. Changes in current liabilities a. Increases... b. Decreases...... 3. Depreciation of plant and equipment.. 4. Amortization of intangible assets............... 5. Interest expense: a. Bond premium amortized... b. Bond discount amortized... 6. Sale of non-current asset: a. Gain.. Type here to search O X 5.C Partly cloudy ^ () 8:40 PM 10/24/2021

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