Question: Problem 15-15 a statement of cash flows is prepared, indicate the reporting of the transactions and events listed below by major Assuming categories on the
Problem 15-15 a statement of cash flows is prepared, indicate the reporting of the transactions and events listed below by major Assuming categories on the statement. Use the following code letters to indicate the appropriate category under which the item would appear on the statement of cash flows Code Cash Flows From Operating Activities Add to Net Income Deduct from Net Income Cash Flows From Investing Activities IA Cash Flows From Financing Activities FA Category 1. Common stock is issued for cash at an amount above par value. 2. Merchand se inventory increased during the period 3. Depreciation expense recorded for the period 4. Building was purchased for cash 5. Bonds payable were acquired and retired at their carrying value 6. Accounts payablie decreased during the period 7. Prepaid expenses decreased during the period. 8. Treasury stock was acquired for casn. 9. Land is soid for cash at an amount equal to book value 10. Patent amortization expense recorded for a period
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