Question

Indicate where each item would appear on a statement of cash flows using the indirect method by placing an x in the appropriate column(s). (more than one column may be used.)

Answer 1

Based on the items given, the place where they would appear on the Statement of Cashflows is:

• a. Declared and paid a cash dividend - Financing activities.
• b. Recorded depreciation expense - Operating activities.
• c. Paid cash to settle long-term note payable - Financing activities.  
• d. Prepaid expenses increased in the year - Operating expenses.

How is the Statement of Cashflow ordered?

There are financing activities that include debt and share capital as well as dividends.

There are also operating activities that record the day to day transactions which include prepaid expenses and depreciation.

Investing activities relate to capital transactions involving fixed assets and the trade in other company securities.

The rest of the question is:
a. Declared and paid a cash dividend.

b. Recorded depreciation expense.

c. Paid cash to settle long-term note payable.

d. Prepaid expenses increased in the year.

Find out more on the statement of cashflows at brainly.com/question/24179665.

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