from operating activities, investing activities, financing activities, or noncash investg and financing activities. E17-2 An...
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from operating activities, investing activities, financing activities, or noncash investg and financing activities. E17-2 An analysis of comparative balance sheets, the current year's income statement, Classify tr and the general ledger accounts of Wellman Corp. uncovered the following items. Assume of activity all items involve cash unless there is information to the contrary (LO 1) (a) Payment of interest on notes payable. (h) Issuance of common stock (b) Exchange of land for patent. (c) Sale of building at book value. (d) Payment of dividends. (e) Depreciation. (f) Receipt of dividends on investment (m) Sale of land at a loss. (i) Amortization of patent. G) Issuance of bonds for land. (k) Purchase of land. 1) Conversion of bonds into common stock. Retirement of bonds. in stock (g) Receipt of interest on notes receivable. (n) Instructions Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity
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