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(15 points - 3 each) Assuming a statement of cash flows is prepared using the...

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Accounting

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(15 points - 3 each) Assuming a statement of cash flows is prepared using the indirect method. Indicate the reporting of the transactions and events listed below by major activity categories on the statement. Use the following code letters to indicate the appropriate category under which the item would appear on the statement of cash flows. Number your answer from 6 to 10 and write the appropriate abbreviation next to each number. No other form of answer will be accepted. Code OP-A Cash Flows From Operating Activities Add to Net Income Deduct from Net Income Cash Flows From Investing Activities Cash Flows From Financing Activities OP-D IN FN 6. 7. 8. Accounts payable decreased during the period. Prepaid expenses decreased during the period. Treasury stock was acquired for cash. Land is sold for cash at an amount equal to book value. Patent amortization expense recorded for a period. 9. 10

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