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 Activities Investing Activities Financing Activities X a. Issued common stock for cash b. Prepaid expenses increased in the year c. Purchased treasury stock with cash X X d. Accounts receivable decreased in the year X X e. Inventory increased in the year f. Retired bonds payable by issuing stock X g. Recorded depreciation expense X h. Sold land in return for cash x i. Income taxes payable increased in the year x j. Sold merchandise to customer for cash x
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
