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Identify the Section of the Statement of Cash Flows (A-D)

Question 161

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Identify the section of the statement of cash flows (a-d) where each of the following items would be reported.

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

Correct Answer:

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