Question: 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). (More

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). (More than one column may be used.) Statement of Cash Flows Noncash Investing & Financing Activities Not Reported on Statement or in Notes Operating Investing Activities Activities Financing Activities a. Declared and paid a cash dividend 6. Recorded depreciation expense c. Pald cash to settle long-term note payable d. Prepaid expenses increased in the year 0. Accounts receivable decreased in the year Purchased land by issuing common stock Inventory Increased in the year 1. Sold equipment for cash, yielding a loss - Accounts payable decreased in the year Income taxes payable increased in the year Classify the following cash flows as either Operating, Investing, or Financing activities assuming indirect method. 1. Paid cash for wages and salaries 2. Purchased inventories with cash, 3. Pald cash interest on outstanding notes 4. Received cash dividends from investments 5. Pald accounts payable with cash 6. Sold stock investments for cash. 7. Paid cash for a building, 8. Cash paid to purchase long-term investments. 9. Paid long-term debt with cash, 10. Paid cash dividends
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