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Malzone Enterprises Is Preparing a Statement of Cash Flows Using

Question 177

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Malzone Enterprises is preparing a statement of cash flows using the indirect method. Indicate on the blanks below whether each item is an operating activity (O), an investing activity (I), a financing activity (F), a noncash transaction (N), or an item that would not appear on or with Malzone's statement (NA).

Premises:
The change in Accounts Payable during the period
Depreciation expense
Exchange of stock for a building
Purchase of equipment
Purchases of treasury stock
Borrowing by issuing bonds
A gain on the sale of equipment
Collections from customers
Dividends paid
Income taxes paid
Proceeds from sale of long-term investments at a loss
The change in Inventory for the period
Responses:
operating activity
financing activity
investing activity
noncash transaction
an item that would not appear on or with Malzone's statement

Correct Answer:

The change in Accounts Payable during the period
Depreciation expense
Exchange of stock for a building
Purchase of equipment
Purchases of treasury stock
Borrowing by issuing bonds
A gain on the sale of equipment
Collections from customers
Dividends paid
Income taxes paid
Proceeds from sale of long-term investments at a loss
The change in Inventory for the period
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