Oregon Company is preparing its statement of cash flows using the indirect method. During the year, the company purchased equipment for $15,000 cash. Which of the following statements is true? O $15,000 would be shown as a positive cash flow in the investing activities section. O $15,000 would be shown as a positive cash flow in the financing activities section. O $15,000 would be shown as a negative cash flow in the operating activities section. O $15,000 would be shown as a negative cash flow in the investing activities section.
Oregon Company is preparing its statement of cash flows using the indirect method. During the year, the company purchased equipment for $15,000 cash. Which of the following statements is true? O $15,000 would be shown as a positive cash flow in the investing activities section. O $15,000 would be shown as a positive cash flow in the financing activities section. O $15,000 would be shown as a negative cash flow in the operating activities section. O $15,000 would be shown as a negative cash flow in the investing activities section.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 34P
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