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For Each of the Following Items,identify the Section of the Cash

Question 57

Essay

For each of the following items,identify the section of the cash flow statement where it would appear.Use (O)for operating activities,(I)for investing activities,(F)for financing activities,(NIF)for the schedule of noncash investing and financing activities,and (N)if the item does not appear anywhere on the cash flow statement.Assume the statement is prepared using the direct method under ASPE.
For each of the following items,identify the section of the cash flow statement where it would appear.Use (O)for operating activities,(I)for investing activities,(F)for financing activities,(NIF)for the schedule of noncash investing and financing activities,and (N)if the item does not appear anywhere on the cash flow statement.Assume the statement is prepared using the direct method under ASPE.

Correct Answer:

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a.F
b.I
c.O
d.NIF
e....

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