Indicate the section (operating activities, investing activities, financing activities, or none) in which each of the following would be reported on the statement of cash flows prepared by the indirect method.
(a)Gain on sale of fixed assets
(b)Net income
(c)Retirement of long-term debt
(d)Sale of capital stock
(e)Distribution of stock dividends
(f)Payment of cash dividends
(g)Purchase of fixed assets
(h)Sale of fixed assets
(i)Increase in inventory
(j)Payment of interest expense

Question

Indicate the section  (operating activities, investing activities, financing activities, or none) in which each of the following would be reported on the statement of cash flows prepared by the indirect method.
(a)Gain on sale of fixed assets
(b)Net income
(c)Retirement of long-term debt
(d)Sale of capital stock
(e)Distribution of stock dividends
(f)Payment of cash dividends
(g)Purchase of fixed assets
(h)Sale of fixed assets
(i)Increase in inventory
(j)Payment of interest expense

Quizplus · Accepted Answer

The Answer of Indicate the section  (operating activities, investing activities, financing activities, or none) in which each of the following would be reported on the statement of cash flows prepared by the indirect method.
(a)Gain on sale of fixed assets
(b)Net income
(c)Retirement of long-term debt
(d)Sale of capital stock
(e)Distribution of stock dividends
(f)Payment of cash dividends
(g)Purchase of fixed assets
(h)Sale of fixed assets
(i)Increase in inventory
(j)Payment of interest expense

Indicate the Section (Operating Activities, Investing Activities, Financing Activities