ACC 206 Week 2- E 14-13
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Date Created: 11/11/15
E1413 Classifying cash flow statement ACC206 Principles of Accounting ll AU E1413 Classifying items on the indirect statement of cash ows 510 min The cash ow statement categorizes like transactions for optimal reporting Requirement 1 Identify each of the following transactions as one of the following 0 Operating activity 0 0 Investing activity I Financing activity F 0 Noncash investing and nancing activity NIF Transaction that is not reported on the statement of cash ows N For each cash ow indicate whether the item increases or decreases cash The indirect method is used to report cash ows from operating activities 510 min E 1413 Req 1 g a Loss on sale of land l i Cash sale of land i b Acquisition of equipment h i Issuance of longterm note by issuance of note payable to borrow cash payable amp c Payment of longterm debt g k Depreciation Z n Acquisition of building by issuance of common stock Increase in salary payable Decrease in inventory Increase in prepaid expenses Decrease in accrued liabilities Purchase of treasury stock Issuance of common stock Increase in accounts payable Net income Payment of cash dividend
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