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For Each of the Following, Identify Whether It Would Be

Question 25

Short Answer

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.
a. Purchased treasury stock
b. Sold equipment at book value
c. Net income
d. Sold long-term investments
e. Issued common stock
f. Depreciation expense

Correct Answer:

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a.F
b.I
c....

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