Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

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Chapter 12, Problem 12.3E

To determine

Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

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Classifying Items in the Statement of Cash Flows The following items are commonly reported in a statement of cash flows (indirect method presentation). For each item 1 through 20, determine (a) in which section the item is presented (operating, investing, or financing) and (b) whether the associated dollar amount is added or subtracted in the statement. (a) (b) 1. Payments of short-term debt. AnswerOperatingInvestingFinancing AnswerAddSubtract 2. Repurchases of common stock. AnswerOperatingInvestingFinancing AnswerAddSubtract 3. Purchases of property and equipment. AnswerOperatingInvestingFinancing AnswerAddSubtract 4. Sale of investments classified as long-term. AnswerOperatingInvestingFinancing AnswerAddSubtract 5. Proceeds from the issuance of common stock. AnswerOperatingInvestingFinancing AnswerAddSubtract 6. Increase in prepaid expenses and other current assets. AnswerOperatingInvestingFinancing AnswerAddSubtract 7. Acquisition for cash of a competitor.…

Classifying Items in the Statement of Cash Flows The following items are commonly reported in a statement of cash flows (indirect method presentation). For each item 1 through 20, determine (a) in which section the item is presented (operating, investing, or financing) and (b) whether the associated dollar amount is added or subtracted in the statement. (a) (b) 1. Payments of short-term debt. Answer Answer 2. Repurchases of common stock. Answer Answer 3. Purchases of property and equipment. Answer Answer 4. Sale of investments classified as long-term. Answer Answer 5. Proceeds from the issuance of common stock. Answer Answer 6. Increase in prepaid expenses and other current assets. Answer Answer 7. Acquisition for cash of a competitor. Answer Answer 8. Increase in current income tax payable. Answer Answer 9. Decrease in accounts payable. Answer Answer 10. Dividends paid to stockholders. Answer Answer 11.…

Prepare the statement of cash flows in good form usingINDIRECT METHOD. Be sure to provide a proper heading for thestatement. Thank you.

Answer 2

Question

Chapter 12, Problem 12.3E

To determine

Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

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Answer 3

Question

Chapter 12, Problem 12.3E

To determine

Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

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Answer 4

Question

Chapter 12, Problem 12.3E

To determine

Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

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Answer 5

Chapter 12, Problem 12.3E

To determine

Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

Answer 6

Chapter 12, Problem 12.3E

To determine

Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

Answer 7

Chapter 12, Problem 12.3E

To determine

Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 12 - Prob. 1Q Ch. 12 - Prob. 2Q Ch. 12 - Prob. 3Q Ch. 12 - What are the major categories of business...Ch. 12 - Prob. 5Q Ch. 12 - Prob. 6Q Ch. 12 - Prob. 7Q Ch. 12 - Prob. 8Q Ch. 12 - Compare the two methods of reporting cash flows...Ch. 12 - Prob. 10Q

Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

Solution Summary: The author explains that Company W's transactions are disclosed as operating, investing, or financing activity, if the item does not appear on the statement by using direct method.

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Indicate whether each transaction of Company W is disclosed as operating (O), investing (I) or financing activity (F) section of the statement of cash flows or use (NA) if the item does not appear on the statement by using direct method.

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