indicate whether each transaction would result in an operating activity 552704
Classifying transactions on the statement of cash flows—indirect method
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indicate whether each transaction would result in an operating activity 552704
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|
a. Cash |
72,000 |
|
Common stock |
16,500 |
|
b. Treasury stock |
88,000 |
|
Cash |
103,000 |
|
c. Cash |
6,800 |
|
Sales revenue |
19,500 |
|
d. Land |
72,000 |
|
Cash |
16,500 |
|
e. Depreciation expense |
88,000 |
|
Accumulated depreciation |
103,000 |
|
f. Dividends payable |
6,800 |
|
Cash |
19,500 |
|
g. Land |
22,000 |
|
Cash |
9,600 |
|
h. Cash |
51,000 |
|
Equipment |
137,000 |
|
i. Bonds payable |
1,800 |
|
Cash |
22,000 |
|
j. Building |
9,600 |
|
Note payable, long-term |
51,000 |
|
k. Loss on disposal of equipment |
137,000 |
|
Equipment, net |
1,800 |
Requirement
1. Indicate whether each transaction would result in an operating activity, an investing activity, or a financing activity for an indirect method statement of cash flows and the accompanying schedule of noncash investing and financing activities.
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