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School

University of Texas, Dallas *

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Course

2301

Subject

Accounting

Date

Nov 24, 2024

Type

png

Pages

1

Uploaded by Alex2122

Report
Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Incorporated, reveals the following items. Required: Select the section of the statement of cash flows in which each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note. I Items Activities 1. Purchase of a patent. Investing activities Q 2. Depreciation expense. Operating activities Q 3. Decrease in accounts receivable. Operating activities Q 4. Issuance of a note payable. Financing activities (/] 5. Increase in inventory. Operating activities Q 6. Collection of notes receivable. Investing activities (v] 7. Purchase of equipment. Investing activities Q 8. Exchange of long-term assets. Noncash activities Q 9. Decrease in accounts payable. Operating activities O 10. Payment of dividends. Financing activities Q
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