. Exercise 8-10 Impact of Transactions Involving Intangible Assets on Statement

Question

. Exercise 8-10 Impact of Transactions Involving Intangible Assets on

Statement of Cash Flows

From the following list, identify each item as operating (O), investing (I), financing (F), or not

separately reported on the statement of cash flows (N).

________ Cost incurred to acquire copyright

________ Proceeds from sale of patent

________ Gain on sale of patent

________ Research and development costs

Impact of Transactions Involving Intangible Assets on Statement of Cash Flows From the following list, identify each item as operating (O), investing (I), financing (F), or not separately reported on the statement of cash flows (N). ___ Cost incurred to acquire copyright ___ Proceeds from sale of patent ___ Gain on sale of patent ___ Research and development costs ___ Amortization of patent

Explanation / Answer

Cost incurred to acquire copyright - Investing(I)

Proceeds from sale of patent - Investing(I)

Gain on sale of patent -Operating(O)

Research and development costs - Operating (O)

Amortization of patent - Financing(F)

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