Question: PART 1 Identify the following activity pertaining to the statement of cash flows on the direct method: 1 . Payment of interest portion of financing

PART 1 Identify the following activity pertaining to the statement of cash flows on the direct method:
1. Payment of interest portion of financing lease
2. Payment of cash dividend
3.Cash sale of building
4. Purchase of treasury stock
Options:
A. Operating activity
B. Investing activity
C. Financing activity
D. Noncash investing and financing activity
E. Not reported on statement of cash flows
PART 2
Identify the following activity pertaining to the statement of cash flows on the indirect method.
1. Amortization of patent
2. Decrease in accounts payable
3. Loss on sale of land
4. Equity method investment revenue in excess of dividends received
Options:
A. Operating activity as an addback item
B. Operating activity as a subtract from item
C. Investing activity
D. Financing activity
E. Not reported on statement of cash flows

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