pujublet8l1 988aqs-chro Take a Test-Taylor Beck . Google Chrome https://www.math

Question

pujublet8l1 988aqs-chro Take a Test-Taylor Beck . Google Chrome https://www.mathxl.com/Student/playerTest.aspx?testid-124392 113&centerwin-yes; Test: Test 1: Chapters 1, 2 and 3 Taylor Beck 2/4/16 8:s Overv This Testi 100 pta 4 of 7 Crooked River Corporation is preparing its statement of cash fiows (indirect method) for the past yoar Listed below are iems used in preparing the statement of cash flows. Listed below are items used in preparing the companys would be treated on Crooked River Corporation's statement of cash fows by using the following abbrevsiations: Specify how each item would be treated on Crooked River Corporation's 1. Operating activity - addition to net income (o+) 2. Operating activity subtraction from net income (O-) 3. Financing acthvity (F) 4. Investing activity (0) 5. Activity that is not on the statement of cash fiows (NA) a. Amortization expense b. Retained earnings c. Decrease in prepaid expense d. Loss on sale of land e. issuance of common stock t. Purchase of equipment increase in accrued liabilities Helil h. increase in inventory )i. Increase in accounts payable i. Rapayment of long-term loan k. Gan on sale of building Pavient of deadends

Explanation / Answer

Crooked River Corporation Items listed with abbreviations for the Cash Flow Usage a. Amortisation Expense O+ b. Retained Earnings NA c. Decrease in Prepaid Expense O+ d. Loss on Sale of Land O+ e. Issuance of Common Stock F f. Purchase of Equipment I g. Increase in Accrued Liabilities O+ h. Increase in Inventory O- i. Increase in Accounts Payable O+ j. Repayment of long-term loan F k. Gain on Sale of Building O- l. Payment of Dividends F

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