Question

8. The following transactions and events occurred during the year. Assuming that Picture Perfect Physicians’ uses the indirect method to report cash provided by operating activities, indicate where each item would appear on the statement of cash flows by placing an “X” in the appropriate column. Statement of Cash Flows Noncash Operating Activities Investing Activities Financing Activities Investing & Financing Activities Not Reported on Statement or in Notes Inventory increased in the year Type answer here Type answer here Type answer here Type answer here Type answer here Declared and paid a cash dividend Type answer here Type answer here Type answer here Type answer here Type answer here Paid cash to purchase a patent Type answer here Type answer here Type answer here Type answer here Type answer here Accounts payable decreased in the year Type answer here Type answer here Type answer here Type answer here Type answer here Prepaid expenses increased in the y

Answer 1

Cash and Carry control management decision