Module 7 Exercises - Module7Exercises Problem1...

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Module 7 Exercises Problem 1 An analysis of comparative balance sheets, the current year’s income statement, and the general ledger  accounts of Conard Corp. uncovered the following items. Assume all items involve cash unless there is  information to the contrary. Indicate how each item should be classified in the statement of cash flows using the  four major classifications listed to the right. ITEMS Association Classification Payment of interest on notes payable a) Operating activity. Operating Activity (indirect method) Exchange of land for patent b) Noncash investing and financing activity Investing activity Sale of building at book value c) Investing activity. Financing activity Payment of dividends d) Financing activity. Significant noncash investing and  financing activity Depreciation e) Operating activity.  
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Module 7 Exercises - Module7Exercises Problem1...

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