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For Each of the Following, Identify Whether It Would Be

Question 121

Essay

For each of the following, identify 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.
a.____purchased treasury stock
b.____sold equipment at book value
c.____net income
d.____sold long-term investments
e.____issued common stock
f.____depreciation expense

Correct Answer:

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a.F - financing
b.I ...

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