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200,Ca | Ed Sign In ApartmentAg A Ag Fashion No! Exeras ×1M- ezto.mhedu tpx conn

ID: 2592794 • Letter: 2

Question

200,Ca | Ed Sign In ApartmentAg A Ag Fashion No! Exeras ×1M- ezto.mhedu tpx connect ACCOUNTING rcise 12-1 2.00 points The following transactions and events occurred during the year Assuming that this oompany uses the ndrect method to report cash provided by operating activities, indicate where each irem would appear on ts statement of cash flows by placing an X in the appropriate column. ⫬ Reported Investing &on; Statement Statement of Cash fows OperatingInvestingFinancing Financing Activities ActivitiesActivities Activities or in Notes a Declared and paid a cash dividend b Recorded depreciation expense c. Paid cash to settle long-term note payable dPrepaid expenses increased in the year e Accounts receivable decreased in the year f Purchased land by issuing common stock Paid cash to purchase nventory h Sold equipment for cash yielding a loss Accounts payable decreased in the year Income taxes payable increased in the year References eBook & Resources Worksheet Type her

Explanation / Answer

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Operating activities Investing activities Financing activities Non cash investing and financing activities not reported on statement a. Declared and paid a cash dividend X b. Recorded depreciation expenses 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. paid cash to purchases inventory X h. Sold equipment for cash, yielding a loss X X i. Accounts payable decreased in the year X j. Income taxes payable increased in the year X