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For Each of the Following Activities That May Take Place

Question 195

Matching

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

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

Correct Answer:

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