A company uses the indirect method to prepare the statement of cash flows. Indicate whether...
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Accounting
A company uses the indirect method to prepare the statement of cash flows. Indicate whether each of the following transactions affects an operating activity, an investing activity, a financing activity, or a noncash investing and financing activity:
Exercise 1 Cash Flows Operating, Investing and Financing Activities Indirect Method A company uses the indirect method to prepare the statement of cash flows. Indicate whether each of the following transactions affects an operating activity, an investing activity, a financing activity, or a noncash investing and financing activity: a. Dividend's Payable Cash 25,000 h. Equipment 28,000 25,000 Cash 28 b. Treasury Stodk 12,000 i. Bonds Payable 70,000 Cash 12,000 Cash 70, C. Land 123,000 Cash 110,000 Cash 123,000 17 93 Common Stock Capital In Excess of Par 74,000 13,000 d. Cash Accounts Receivable k. Depreciation Expense 16,000 Service Revenue 87,000 Accumulated Depreciation 16 e. Salary Expense 36,000 Loss on Disposal of Equipment 2,000 Cash 36,000 Equipment, net 2, f Furniture and Fixtures 36,000 m. Building 235,000 Cash Note Payable, Long-Term 235 g. Cash 10,000 Long-Term Investment 10,000
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