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For Each of the Following, Select Whether It Would Be

Question 138

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For each of the following, select whether it would be disclosed as an operating (O), financing (F), or investing (I) activity on the statement of cash flows under the indirect method.

Premises:
Purchased buildings
Depreciation expense
Issued Common Stock
Net income
Paid cash dividends
Sold Patents
Responses:
operating (O)
financing (F)
investing (I)

Correct Answer:

Purchased buildings
Depreciation expense
Issued Common Stock
Net income
Paid cash dividends
Sold Patents
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