Multiple Choice
Use the following codes to indicate how the cash flow effect, if any, of each transaction would be reported on a statement of cash flows if the operating activities section is prepared using the direct method. (Choices may be used more than once.)
-Issued long term mortgage to acquire land and a building.
A) Inflow from operating activity
B) Outflow from operating activity
C) Inflow from investing activity
D) Outflow from investing activity
E) Inflow from financing activity
F) Outflow from financing activity
G) Noncash investing and financing activity
H) Not reported on statement of cash flows
Correct Answer:

Verified
Correct Answer:
Verified
Q32: Which of the following statements is <b>false</b>?<br>A)
Q149: When using the indirect method to determine
Q150: An investment in common stock is not
Q151: Which of the following financing activities results
Q152: Mary Kay Cosmetics<br>Selected data and additional information
Q154: <br>You are financial news reporter for
Q155: Mary Kay Cosmetics<br>Selected data and additional information
Q156: The statement of cash flows helps users
Q157: Which method of preparing the operating activities
Q158: The indirect method of reporting cash flows