ACC 560 Something Great /uophelp.com ACC 560 Something Great /uophelp.com | Page 61

You are provided with the following transactions that took place during a recent fiscal year.
( a)
Recorded depreciation expense on the plant assets.
( b)
Recorded and paid interest expense.
( c)
Recorded cash proceeds from a disposal of plant assets.
( d)
Acquired land by issuing common stock.
( e)
Paid a cash dividend to preferred stockholders.
( f)
Paid a cash dividend to common stockholders.
( g)
Recorded cash sales.
( h)
Recorded sales on account.
( i)
Purchased inventory for cash.
( j)
Purchased inventory on account.
Instructions
Complete the table indicating whether each item( 1) affects operating( O) activities, investing( I) activities, financing( F) activities, or is a noncash( NC) transaction reported in a separate schedule, and( 2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach.
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