Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriatecolumn(s).Note: More than one column may be used.a. Issued common stock for cashb. Prepaid expenses increased in the yearc. Purchased treasury stock with cashd. Accounts receivable decreased in the yeare. Inventory increased in the yearf. Retired bonds payable by issuing stockg. Recorded depreciation expenseh. Sold land in return for cashi. Income taxes payable increased in the yearj. Sold merchandise to customer for cashStatement of Cash FlowsNoncashInvesting &Not Reportedon StatementOperatingActivitiesInvestingActivitiesFinancingActivitiesFinancingActivitiesor in Notes

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Description: Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriatecolumn(s).Note: More than one column may be used.a. Issued common stock for cashb. Prepaid expenses increased in the yearc

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mdicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the approp Column(s). Note: More than one column may be used. a. Issued common stock for cash Statement of Cash Flows Noncash Not Reported Investing & on Statement Operating Investing Financing Financing Activities or in Notes Activities Activities Activities b. Prepaid expenses increased in the year c. Purchased treasury stock with cash d. Accounts receivable decreased in the year X e. Inventory increased in the year x f. Retired bonds payable by issuing stock g. Recorded depreciation expense x h. Sold land in return for cash i. Income taxes payable increased in the year X j. Sold merchandise to customer for cash X

mdicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the approp Column(s). Note: More than one column may be used. a. Issued common stock for cash Statement of Cash Flows Noncash Not Reported Investing & on Statement Operating Investing Financing Financing Activities or in Notes Activities Activities Activities b. Prepaid expenses increased in the year c. Purchased treasury stock with cash d. Accounts receivable decreased in the year X e. Inventory increased in the year x f. Retired bonds payable by issuing stock g. Recorded depreciation expense x h. Sold land in return for cash i. Income taxes payable increased in the year X j. Sold merchandise to customer for cash X

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.17E

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