An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of

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An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Conard Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary.

 

Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity and significant noncash investing and financing activity.

 

(a)    Payment of interest on notes payable        ____________

(b)   Exchange of land patent                            _________

(c)    Sale of building at book value                      __________

(d)   Payment of dividends                                 ____________

(e)   Depreciation                                              ____________

(f)     Receipt of dividends on investment stock   ____________

(g)    Receipt of interest on receivable               ____________

(h)   Issuance of capital stock                          _____________

(i)      Amortization of patent                           _____________

(j)     Issuance of bonds for land                     __________

(k)    Purchase of Land                                   ____________

(l)      Conversion of bonds into common stock    __________

(m) Loss on sale of land                           ______________

(n)   Retirement of bonds                          _____________

    • 13 years ago
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