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E14-14 Classifying transactions on the statement of cash flows—indirect method

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E14-14 Classifying transactions on the statement of cash flows—indirect method [5–10 min]
Consider the following transactions:

a. Cash
72,000
g. Land
22,000
Common stock
72,000
Cash
22,000
b. Treasury stock
16,500
h. Cash
9,600
Cash
16,500
Equipment
9,600
c. Cash
88,000
i. Bonds payable
51,000
Sales revenue
88,000
Cash
51,000
d. Land
103,000
j. Building
137,000
Cash
103,000
Note payable, long-term
137,000
e. Depreciation expense
6,800
k. Loss on disposal of equipment
1,800
Accumulated depreciation
6,800
Equipment, net
1,800
f. Dividends payable
19,500
Cash
19,500

Requirement

1. Indicate whether each transaction would result in an operating activity, an invest- ing activity, or a financing activity for an indirect method statement of cash flows and the accompanying schedule of noncash investing and financing activities.

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