An analysis of comparative balance sheet , the current year's income statement ,and the general ledger accounts of Hailey corp. Uncovered the following items. Assume all items involved cash unless there is information to the contrary . Indicate where each item should be presented in the statement of cash flows (indirect method) using these four major classification: operating (that is,the item would be listed among the adjustment to net income to determine net cash provided by operating activities under the indirect method), investing, financing, or significant noncash and financing activity. (A) exchange of land for patent (b) sale of building at book value (c) payment of dividends. (D)depreciation. (E) conversion of bonds into common stock (f) issuance of capital stock (g) amortization of patent. (H) issuance of bods for land.(i) purchased of land.(j) loss on disposal of plants.loss on sale .cash proceeds from sale.(k) retirement of bonds.
An analysis of comparative
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