Matching
For each of the following, identify 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:
Purchased treasury stock
Sold equipment at book value
Net income
Sold long-term investments
Issued common stock
Depreciation expense
Responses:
operating (O)
financing (F)
investing (I)
Correct Answer:
Premises:
Responses:
Purchased treasury stock
Sold equipment at book value
Net income
Sold long-term investments
Issued common stock
Depreciation expense
Premises:
Purchased treasury stock
Sold equipment at book value
Net income
Sold long-term investments
Issued common stock
Depreciation expense
Responses:
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