Use the following codes to indicate how the cash flow effect, if any, of each transaction or event would be reported on a statement of cash flows if the operating activities section is prepared using the indirect method. (Choices may be used more than once.)
-purchased land for cash
A) operating activity-add to net income
B) operating activity-deduct from net income
C) inflow from investing activity
D) outflow from investing activity
E) inflow from financing activity
F) outflow from financing activity
G) noncash investing and financing activity
H) not reported on statement of cash flows
Correct Answer:
Verified
Q70: Match these terms with their correct definition.
-includes
Q71: Match these terms with their correct definition.
-represents
Q72: Use the following codes to indicate how
Q73: Use the following codes to indicate how
Q74: Use the following codes to indicate how
Q76: Use the following codes to indicate how
Q77: Use the following codes to indicate how
Q78: Use the following codes to indicate how
Q79: Use the following codes to indicate how
Q80: Match these terms with their correct definition.
-determines
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