12 ex 1 Exercise 12-1 (Algo) Indirect: Classifying Cash flows LO C1Indicate where each Item would appear on a statement of cash flows using the Indirect method by placing an X in the approprlatecolumn(s). (More than one column may be used.)Statement of Cash FlowsNoncashInvesting &FinancingActivitiesNot Reportedon Statementor in NotesFinancingOperatingActivitiesInvestingActivitiesActivitiesa. Paid cash to settle long-term note payableb. Recorded depreciation expensec. Issued common stock for cashd. Prepaid expenses increased in the yeare. Accounts receivable decreased in the yearf. Purchased equipment by issuing a noteg. Inventory increased in the yearh. Purchased a trademark with cashi. Accounts payable decreased in the yearj. Income taxes payable increased in the year

1. Cash flow from operating activities explains sources and uses of cash from ongoing regular…

Indicate where each item would appear on a statement of cash flows using the Indirect method by placing an X In the app column(s). (More than one column may be used.) Noncash Investing & Financing Activities Statement of Cash Flows Not Reported on Statement or in Notes Operating Investing Activities Financing Activities Activities a. Paid cash to settle long-term note payable

Indicate where each item would appear on a statement of cash flows using the Indirect method by placing an X In the app column(s). (More than one column may be used.) Noncash Investing & Financing Activities Statement of Cash Flows Not Reported on Statement or in Notes Operating Investing Activities Financing Activities Activities a. Paid cash to settle long-term note payable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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