the following transaction and event occurred during the year. assuming that this

Question

the following transaction and event occurred during the year. assuming that this company uses the indirect method to report cash provided by operating activities indicate where each item would appear on its statement of cash flows : operating activities, investing activities, financing activities, noncash investing and financing for following

1.paid cash for operating expenses 2.issued common stock for cash 3. accounts receivable increased in the year 3. recorded depreciation expense 4. income taxes payable decreased during the year 5. sold equipment for cash, yielding a loss 6. paid cash for interest expense 7. purchased land by issuing common stock 8. purchased long term investment in bonds 9. paid cash for retirement of not payable

Explanation / Answer

PARTICULARS NATURE paid cash for operating expenses operating activities issued common stock for cash financing activities accounts receivable increased in the year operating activities recorded depreciation expense noncash investing and financing income taxes payable decreased during the year operating activities sold equipment for cash, yielding a loss investing activities paid cash for interest expense financing activities purchased land by issuing common stock investing activities purchased long term investment in bonds investing activities paid cash for retirement of not payable financing activities

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.