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 buildings
b. sold patents
c. net income
d.issued common stock
e.paid cash dividends
f. depreciation expense
Correct Answer:

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a. I - investing
b. I - invest...View Answer
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Correct Answer:
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b. I - invest...
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