ACC 206 Week 2 Assignment Problem E 14 13, E 15 18, P 15 26A, P14 25Ain 1-2 Grade by jacob
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E14-13- Classifying cash flow statement - ACC206 - Principles of Accounting II - AU
E14-13 Classifying items on the indirect statement of cash flows [5-10 min]
The cash flow statement categorizes like transactions for optimal reporting.
1.Identify each of the following transactions as one of the following:
-Operating activity (O)
-Investing activity (I)
-Financing activity (F)
-Noncash investing and financing activity (NIF)
-Transaction that is not reported on the statement of cash flows (N)
For each cash flow, indicate whether the item increases () or decreases (-) cash. The indirect method is used to report cash flows from operating activities.
(5-10 min.) E 14-13
Loss on sale of land
Cash sale of land