Question

Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to consider in preparing the statement: (Click the icon to view the items.) Identify each item as a[n: • Operating activity addition to net income (O+) or subtraction from net income (0-) • Investing activity-cash intow (1+) or cash outflow (1) • Financing activity-cash inflow (F+) or cash outflow (F-) • Activity that is not used to prepare the indirect statement of cash flows (N) 0 More Info a. Increase in accounts payable b. Payment of dividends Decrease in accrued liabilities d. Issuance of common stock a. Increase in accounts payable b. Payment of dividends c. Decrease in accrued liabilities d. Issuance of common stock e. Gain on sale of building f. Loss on sale of land 9. Depreciation expense h. Increase in merchandise inventory Decrease in accounts receivable Purchase of equipment Gain on sale of building Loss on sale of land 9 Depreciation expense h. Increase in merchandise inventory Decrease in accounts receivable Purchase of equipment Print Done Choose from any drop-down list and then continue to the next question

Answer 1

a.	O+
b.	F-
c.	O-
d.	F+
e.	O-
f.	O+
g.	O+
h.	O-
i.	O+
j.	I-

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