Problem

The following transactions and events occurred during the year. Assuming that this company...

The following transactions and events occurred during the year. Assuming that this company uses the direct method to report cash provided by operating activities, indicate where each item would appear on the statement of cash flows by placing an x in the appropriate column.

 

 

Statement of Cash Flows

Noncash Investing and Financing Activities

Not Reported on Statement or in Notes

 

 

Operating Activities

Financing Activities

Investing Activities

a.

Accepted six-month note receivable in

exchange for plant assets 

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b.

Recorded depreciation expense 

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c.

Paid cash to acquire treasury stock 

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d.

Collected cash from sales

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e.

Borrowed cash from bank by

signing a nine-month note payable 

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f.

g.

Paid cash to purchase a patent

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Retired long-term notes payable by

issuing common stock 

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h.

Paid cash toward accounts payable

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i.

Sold inventory for cash

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J.

Paid cash dividend that was declared in

a prior period 

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