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For Each of the Following, Identify Whether It Would Be

Question 159

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For each of the following, identify whether it would be disclosed as an operating , financing, or investing activity on the statement of cash flows under the indirect method.

Premises:
Issued common stock
Net income
Sold long-term investments
Purchased treasury stock
Sold equipment at book value
Depreciation expense
Responses:
Investing
Operating
financing

Correct Answer:

Issued common stock
Net income
Sold long-term investments
Purchased treasury stock
Sold equipment at book value
Depreciation expense
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