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Analyze each transaction listed in the table that follows and place X?s in the appropriate columns to indicate the

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Question

Analyze each transaction listed in the table that follows and place X?s in the appropriate columns to indicate the transaction?s classification and its effect on cash flows using the indirect method.;Cash Flow Classification Effect on Cash Flows;Transaction Operating Investing Financing Noncash IncreaseDecrease No effect activity activity activity Transaction;1. Paid a cash dividend;2. Decreased accounts receivable;3. Increased inventory;3. Incurred a net loss.;5. Declared and issued a stock dividend;6. Retired long-term debt with cash;7. Sold available-for-sales securities at a loss.;8. Issued stock for equipment.;9. Decreased prepaid insurance.;10. Purchased treasury stock with cash.;11 Retired a fully depreciated truck (no gain or loss).;12. Increased interest payable.;13. Decreased dividends receivable on investment;14. Sold treasury stock.;15. Increased income taxes payable.;16. Transferred cash to money market account.;17. Purchased land and building with a mortgage.

 

Paper#80243 | Written in 18-Jul-2015

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