WRITE THE CORRECT LETTER OR NUMBER IN THE SPACE PROVIDED ( 1 1 ) The Golden Eagle Corporation uses the indirect method for preparation ofits Statement of Cash Flows The statement includes the following sections and related disclosures Operating Activities Financing Activities A Additions to net income E Cash received from financing activities B Deductions from net income F Cash payments for financing activities Investing Activities Related Disclosures C Cash received from investing activities G Disclosed in the notes to the financial statements or presented D Cash payments for investing activities in supplemental schedules Classify each of the following events using the selections listed above Indicate with an X any item that is not included in either the statement of cash flows or related disclosures 1 Payments to suppliers for inventory purchases 2 Depreciation expense 3 Purchase of office equipment for cash 4 Increase in merchandise inventory balance 5 Distribution of cash dividends to shareholders 6 Acquisition of land by issuing preferred stock 7 Increase in the accounts payable balance 8 Proceeds from the sale of fully depreciated equipment 9 Income taxes paid 1 0 Proceeds from issuance of bonds 1 1 Decrease in the prepaid insurance balance 1 2 Gain on sale of land 1 3 Payments made to bank on a mortgage note payable 1 4 Amortization of copyrights 1 5 Interest paid 1 6 Payment received on sale of manufacturing plant 1 7 Purchase of treasury stock for cash 1 8 Acquisition of land and buildings by the issuance of longtermdebt common stock 1 9 Management ' s policy for the determination of cash equivalents 2 0 Proceeds from issuance of preferred stock

Question

WRITE THE CORRECT LETTER OR NUMBER IN THE SPACE PROVIDED  ( 1 1   ) The Golden Eagle Corporation uses the indirect method for preparation ofits Statement of Cash Flows  The statement includes the following sections and related disclosures  Operating Activities Financing Activities A   Additions to net income E   Cash received from financing activities B   Deductions from net income F   Cash payments for financing activities Investing Activities Related Disclosures C   Cash received from investing activities G   Disclosed in the notes to the financial statements or presented D   Cash payments for investing activities in supplemental schedules Classify each of the following events using the selections listed above  Indicate with an   X   any item that is not included in either the statement of cash flows or related disclosures          1   Payments to suppliers for inventory purchases          2   Depreciation expense          3   Purchase of office equipment for cash          4   Increase in merchandise inventory balance          5   Distribution of cash dividends to shareholders          6   Acquisition of land by issuing preferred stock          7   Increase in the accounts payable balance          8   Proceeds from the sale of fully depreciated equipment          9   Income taxes paid          1 0   Proceeds from issuance of bonds          1 1   Decrease in the prepaid insurance balance          1 2   Gain on sale of land          1 3   Payments made to bank on a mortgage note payable          1 4   Amortization of copyrights          1 5   Interest paid          1 6   Payment received on sale of manufacturing plant           1 7   Purchase of treasury stock for cash          1 8   Acquisition of land and buildings by the issuance of longtermdebt   common stock          1 9   Management ' s policy for the determination of cash equivalents          2 0   Proceeds from issuance of preferred stock

SolutionInn · Accepted Answer

The Answer is in the image, click to view ...

Question: WRITE THE CORRECT LETTER OR NUMBER IN THE SPACE PROVIDED. ( 1 1 . ) The Golden Eagle Corporation uses the indirect method for preparation

Step by Step Solution

Students Have Also Explored These Related Accounting Questions!