from operating activities if the indirect method is used. 1. Goodwill impairment $400,000. 2. Issued $900,000 note payable in exchange for land and building of the same value. 3. Depreciation and amortization expense $250,000. 4. Exchange $500,000 patent for $500,000 stock investment. 5. Stock-based compensation to employees $200,000. 6. Issued $700,000 par value common stock upon conversion of bonds having a face value of $700,000. 7. Loss on sale of equipment $50,000. 8. Unrealized gain on equity securities $150,000. $900,000 $850,000 $750,000 $700,000

from operating activities if the indirect method is used. 1. Goodwill impairment $400,000. 2. Issued $900,000 note payable in exchange for land and building of the same value. 3. Depreciation and amortization expense $250,000. 4. Exchange $500,000 patent for $500,000 stock investment. 5. Stock-based compensation to employees $200,000. 6. Issued $700,000 par value common stock upon conversion of bonds having a face value of $700,000. 7. Loss on sale of equipment $50,000. 8. Unrealized gain on equity securities $150,000. $900,000 $850,000 $750,000 $700,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 8MCQ: Which item is added to net income when computing cash flows from operating activities? a. Gain on...

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