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The following transactions and events 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 by placing an X in the appropriate column.
Statement of Cash Flow Noncash Investing & Financing Activities Not Reported on Statement or in Notes
Operating Activities Investing Activities Financing Activities
a. Declared and paid a cash dividend
b. Recorded depreciation expense
c. Paid cash to settle long-term note payable
d. Prepaid expenses increased in the year
e. Accounts receivable decreased in the year
f. Purchased land by issuing common stock
g. Inventory increased in the year
h. Sold equipment for cash, yielding a loss
i. Accounts payable decreased in the year
j. Income taxes payable increased in the year

Respuesta :

Tundexi

Answer:                                                                      i       ii      iii     iv      v

a. Declared and paid a cash dividend                                     X

b. Recorded depreciation expense                         X

c. Paid cash to settle long-term note payable                         X

d. Prepaid expenses increased in the year             X

e. Accounts receivable decreased in the year        X

f. Purchased land by issuing common stock                                    X

g. Inventory increased in the year                            X

h. Sold equipment for cash, yielding a loss                       X

i. Accounts payable decreased in the year             X

j. Income taxes payable increased in the year        X

Note:

i. Operating activities

ii. Investing activities

iii. Financing activities

iv. Non cash Investing & Financing

v. Not reported on statement or Notes

abiolataiwo2015

Based on the information given where each item would appear on its statement of cash flows are:

a. Declared and paid a cash dividend.

Statement of cash flow: Financing activities                            

b. Recorded depreciation expense.                  

Statement of cash flow: Operating activities      

c. Paid cash to settle long-term note payable.                    

Statement of cash flow: Financing activities                            

d. Prepaid expenses increased in the year.          

Statement of cash flow: Operating activities                            

e. Accounts receivable decreased in the year.    

Statement of cash flow: Operating activities                            

f. Purchased land by issuing common stock.          

Statement of cash flow: Non cash investing and financing activities                           

g. Inventory increased in the year.  

Statement of cash flow: Operating  activities                            

                     

h. Sold equipment for cash, yielding a loss.         

Statement of cash flow: Investing activities                            

i. Accounts payable decreased in the year.  

Statement of cash flow: Operating activities                            

j. Income taxes payable increased in the year.      

Statement of cash flow: Operating activities

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