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Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). Note: More then

Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). Note: More then

Cornerstones of Financial Accounting
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 15CE: Classification of Cash Flows Patel Company reported the following items in its statement of cash...
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Vikram Bhai 

Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). Note: More than one column may be used. a. Declared and paid a cash dividend b. Recorded depreciation expense c. Paid cash to settle long-term notes payable d. Prepaid expenses increased in the year e. Accounts receivable decreased in the year f. Purchased land by issuing common stock g. Inventory increased in the year h. Sold equipment for cash, yielding a loss i. Accounts payable decreased in the year j. Income taxes payable increased in the year Statement of Cash Flows Noncash Investing & Financing Financing Activities Activities Operating Investing Activities Activities Not Reported on Statement or in Notes
Transcribed Image Text:Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). Note: More than one column may be used. a. Declared and paid a cash dividend b. Recorded depreciation expense c. Paid cash to settle long-term notes payable d. Prepaid expenses increased in the year e. Accounts receivable decreased in the year f. Purchased land by issuing common stock g. Inventory increased in the year h. Sold equipment for cash, yielding a loss i. Accounts payable decreased in the year j. Income taxes payable increased in the year Statement of Cash Flows Noncash Investing & Financing Financing Activities Activities Operating Investing Activities Activities Not Reported on Statement or in Notes
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