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For Each of the Following Activities That May Take Place

Question 162

Matching

For each of the following activities that may take place during the accounting period, indicate the effect (a-g) on the statement of cash flows prepared using the indirect method. Choices may be selected as the answer for more than one question.

Premises:
Increase in accounts receivable balance
Sale of land
Repayment of long-term note payable
Purchase of equipment
Acquisition of treasury stock
Exchange of land for common stock
Gain on sale of investments
Payment of dividends
Amortization of intangible assets
Decrease in accounts payable balance
Responses:
Decrease cash from financing activities
Increase cash from operating activities
Decrease cash from operating activities
Increase cash from investing activities
Noncash investing and financing supplement
Decrease cash from investing activities
Increase cash from financing activities

Correct Answer:

Increase in accounts receivable balance
Sale of land
Repayment of long-term note payable
Purchase of equipment
Acquisition of treasury stock
Exchange of land for common stock
Gain on sale of investments
Payment of dividends
Amortization of intangible assets
Decrease in accounts payable balance
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