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
Q23: Activities that increase and decrease as a
Q30: Land costing $60,000 was sold for $50,000.What
Q35: Identify where each of the following transactions
Q61: Under the indirect method, net income is
Q64: The method of reporting cash flows from
Q94: There was a utility bill received but
Q99: Which of the following items would be
Q102: If $200,000 of a company's own stock
Q106: The records of Ashley Boutique showed Net
Q108: A statement of cash flows would not