ACC 206 Week 2 Assignment Problem E 14 13, E 15 18, P 15 26A, P14 25A

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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.

Requirement

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

Req. 1

O

a.

Loss on sale of land

I

i.

Cash sale of land

NIF

b.

Acquisition of...

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