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 1. Purchased land by issuing common stock 9. Inventory increased in the year h. Sold equipment for cash, yielding a loss L.Accounts payable decreased in the year. Income taxes payable increased in the year Statement of Cash Flows Operating Investing Activities Activities Financing Activities Noncash Investing & Financing Activities Not Reported on Statement or in Notes

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 19E
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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 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 i
9. Inventory increased in the year
h. Sold equipment for cash, yielding a loss
Accounts payable decreased in the year.
Income taxes payable increased in the year
Statement of Cash Flows
Investing
Activities
Operating
Activities
Financing
Activities
Noncash
Investing &
Financing
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 i 9. Inventory increased in the year h. Sold equipment for cash, yielding a loss Accounts payable decreased in the year. Income taxes payable increased in the year Statement of Cash Flows Investing Activities Operating Activities Financing Activities Noncash Investing & Financing Activities Not Reported on Statement or in Notes
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