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For Each of the Following, Identify Whether It Would Be

Question 149

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For each of the following, identify whether it would be disclosed as an activity on the statement of cash flows under the indirect method.

Premises:
Sold equipment at book value
Depreciation expense
Sold long-term investments
Net income
Purchased treasury stock
Issued common stock
Responses:
O-operating
F-financing
I-investing

Correct Answer:

Sold equipment at book value
Depreciation expense
Sold long-term investments
Net income
Purchased treasury stock
Issued common stock
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