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Identify Where Each of the Following Items Would Be Reported

Question 194

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Identify where each of the following items would be reported in the section of the statement of cash flows.

Premises:
Increase in income taxes payable
Dividends received on investment
Sale of machinery held for use by the company
Issuance of bond payable
Purchase of the stock of another company as investment
Decrease in inventory
Exchange of land for note payable
Payment of dividends to stockholders
Increase in accounts receivable
Loss on sale of equipment
Responses:
Operating activities
Financing activities
Investing activities
Schedule of noncash financing and investing

Correct Answer:

Increase in income taxes payable
Dividends received on investment
Sale of machinery held for use by the company
Issuance of bond payable
Purchase of the stock of another company as investment
Decrease in inventory
Exchange of land for note payable
Payment of dividends to stockholders
Increase in accounts receivable
Loss on sale of equipment
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