Indirect Method Accounting?????

Question

For each of the following items, indicate by using the appropriate code letter, how the item should be reported in the statement of cash flows, using the indirect method.

A. Added to net income

B. Deducted from net income

C. Cash outflow—investing activity

D. Cash inflow—investing activity

E. Cash outflow—financing activity

F. Cash inflow—financing activity

G. Significant noncash investing and financing activity

____ 1. Decrease in accounts payable during a period

____ 2. Declaration and payment of a cash dividend.

____ 3. Loss on sale of land.

____ 4. Decrease in accounts receivable during a period.

____ 5. Redemption of bonds for cash.

____ 6. Proceeds from sale of equipment at book value.

____ 7. Issuance of common stock for cash.

____ 8. Purchase of a building for cash.

____ 9. Acquisition of land in exchange for common stock.

____ 10. Increase in merchandise inventory during a period.

Answer 1

i cant be bothered with accounting during my easter break. as a matter of fact, i cant be bothered with accounting any time of the year from now on (i finished my exams in november, no more accounting for me man)

Answer 2

__B__1.Decrease in accounts payable during a period

__E__2.Declaration and payment of a cash dividend.

__A__3.Loss on sale of land.

__A__4.Decrease in accounts receivable during a period.

__E__5.Redemption of bonds for cash.

__D__6.Proceeds from sale of equipment at book value.

__F__7.Issuance of common stock for cash.

__C__8.Purchase of a building for cash.

__G__9.Acquisition of land in exchange for common stock.

__B__10.Increase in merchandise inventory during a period.