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For Each of the Following, Select Whether It Would Be

Question 147

Matching

For each of the following, select 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.

Premises:
Purchase of equipment
Issuance of the company’s common stock
Net income
Payment of dividends
Amortization expense
Receipt of dividends
Responses:
investing (I)
operating (O)
financing (F)

Correct Answer:

Purchase of equipment
Issuance of the company’s common stock
Net income
Payment of dividends
Amortization expense
Receipt of dividends
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