Identifying activity categories—direct method
Consider the following transactions:
Requirement
1. Identify each of the transactions as a(n)
• Operating activity (O)
• Investing activity (I)
• Financing activity (F)
• Noncash investing and financing activity (NIF)
• Transaction that is not reported on the statement of cash flows (N)
For each cash flow, indicate whether the item increases (+) or decreases (–) cash. The direct method is used for cash flows from operating activities.
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