Essay
For each of the following items, indicate (by placing an X) whether the item would be found on the statement of cash flows in column 1, the direct approach for determining the cash flows from operating activities, column 2, the indirect approach for determining the cash flows from operating activities, column 3, cash flows from investing activities, column 4, cash flows from financing activities. If you identify that an item affects the cash flows from operation, indirect method, also indicate whether it will be increasing (+) or decreasing (-) the cash flows.
-
Correct Answer:

Verified
Correct Answer:
Verified
Q88: Selling equipment is considered an investing activity.
Q89: If there is an increase to Merchandise
Q90: A cash inflow from a financing activity
Q91: Activities relating to raising money from investors
Q92: If Insurance Expense was $7,100, and there
Q94: Orion Corporation reported net income of $31,000,
Q95: The final cash amount on the statement
Q96: This statement summarizes the sources and uses
Q97: Activities such as selling merchandise and services
Q98: Of the following, which has a positive