Question: Problem 2) The following items may be reflected in a company's statement of cash flows. For each item, indicate which, if any, of the 3
Problem 2) The following items may be reflected in a company's statement of cash flows. For each item, indicate which, if any, of the 3 sections of the statement of cash flows the item would be reflected in. Assume the statement is prepared using the indirect method. (20 pts) 1. Selling a fixed asset for more than book value. 2. Borrowing money. 3. Using cash to pay a dividend to stockholders. 4. Purchasing inventory using cash 5. Payment of accounts payable 6. Purchasing supplies on account. 7. Received money from selling merchandise. 8. Collecting accounts reccivable. 9. Issuing stock dividends. 10. Recorded depreciation expense
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