Indicate the section (operating activities, investing activities, financing activities, or none) in which each of the following would be reported on the statement of cash flows prepared by the indirect method:   (a) Gain on sale of fixed assets (the gain only) (b) Net income (c) Retirement of long-term debt (d) Sale of capital stock (e) Distribution of stock dividends (f) Payment of cash dividends (g) Purchase of fixed assets (h) Sale of fixed assets (i) Receipt of interest revenue (j) Depreciation expense   ANSWERS:   (a)   (b)   (c)   (d)   (e)   (f)   (g)   (h)   (i)   (j)

2. a.  In what section of the statement of cash flows would a Gain be reported when the indirect method is used?   Noncash activities note Investing Activities Financing Activities Operating Activitiesb.  In what section of the statement of cash flows is the purchase of treasury stock reported?   Investing Activities Operating Activities Noncash activities note Financing Activities

On the statement of cash flows, the investing activities section would include a. cash paid for dividends Ob. cash paid for retirement of bonds payable Oc. cash received from the issuance of capital stock Od. cash received from the sale of investments

Which of the following transaction is considered an investing activity when preparing a Cash flow Statement? A. Issuing ordinary shares B. Payment to creditors C. Purchase of non-current assets D.Redemption of ordinary shares.

Which statement cash of flows shows the inflows and outflows from  sale and purchases of non current assets? A. Fiancing  B. Operating  C. Investing  D. None of the above