For each transaction provided in items 1 through 6, select the proper section of the statement of cash flows in which it should be reported using the indirect method from the reporting categories provided If the item is not required to be reported on the statement of cash flows, select Not required Loss on sale of old equipment Choose Cash flows from financing activities increase as a result of cash inflows Not required Cash flows from operating activities will be added to net income Cash flows from financing activities decrease as a result of cash outflows Cash flows are already included in net income not necessary to separately report on statement of cash flows Cash flows from operating activities will be subtracted from net income Cash flows from investing activities increase as a result of cash inflows Cash flows from investing activities decrease as a result of cash outflows Disclosed as a non cash transaction in the notes Issuance of stock to pay off bonds payable Choose Cash flows from financing activities increase as a result of cash inflows Not required Cash flows from operating activities will be added to net income Cash flows from financing activities decrease as a result of cash outflows Cash flows are already included in net income not necessary to separately report on statement of cash flows Cash flows from operating activities will be subtracted from net income Cash flows from investing activities increase as a result of cash inflows Cash flows from investing activities decrease as a result of cash outflows Disclosed as a non cash transaction in the notes Issued $500,000 in Binds for cash Choose Cash flows from financing activities increase as a result of cash inflows Not required Cash flows from operating activities will be added to net income Cash flows from financing activities decrease as a result of cash outflows Cash flows are already included in net income not necessary to separately report on statement of cash flows Cash flows from operating activities will be subtracted from net income Cash flows from investing activities increase as a result of cash inflows Cash flows from investing activities decrease as a result of cash outflows Disclosed as a non cash transaction in the notes Sold trading investments at book value (no gain or loss) Choose Cash flows from financing activities increase as a result of cash inflows Not required Cash flows from operating activities will be added to net income Cash flows from financing activities decrease as a result of cash outflows Cash flows are already included in net income not necessary to separately report on statement of cash flows Cash flows from operating activities will be subtracted from net income Cash flows from investing activities increase as a result of cash inflows Cash flows from investing activities decrease as a result of cash outflows Disclosed as a non cash transaction in the notes Paid salaries expense for the current period Choose Cash flows from financing activities increase as a result of cash inflows Not required Cash flows from operating activities will be added to net income Cash flows from financing activities decrease as a result of cash outflows Cash flows are already included in net income not necessary to separately report on statement of cash flows Cash flows from operating activities will be subtracted from net income Cash flows from investing activities increase as a result of cash inflows Cash flows from investing activities decrease as a result of cash outflows Disclosed as a non cash transaction in the notes Decrease in salaries payable Choose Cash flows from financing activities increase as a result of cash inflows Not required Cash flows from operating activities will be added to net income Cash flows from financing activities decrease as a result of cash outflows Cash flows are already included in net income not necessary to separately report on statement of cash flows Cash flows from operating activities will be subtracted from net income Cash flows from investing activities increase as a result of cash inflows Cash flows from investing activities decrease as a result of cash outflows Disclosed as a non cash transaction in the notes

Question: For each transaction provided in items 1 through 6, select the proper section of the statement of cash flows in which it should be reported

For each transaction provided in items 1 through 6, select the proper section of the statement of cash flows in which it should be reported using the indirect method from the reporting categories provided. If the item is not required to be reported on the statement of cash flows, select ‘Not required’.

Loss on sale of old equipment
Issuance of stock to pay off bonds payable
Issued $500,000 in Binds for cash
Sold trading investments at book value (no gain or loss)
Paid salaries expense for the current period
Decrease in salaries payable

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