Problem: Please match the following activites with the correct area in the statement of cash flows in which they would appear (indirect format).
Answer
______Paid $36,250 for a new delivery van.
______Declared and paid a cash dividend to common shareholders.
______Issued check #14556 to buy $87,650 worth of inventory.
______Accounts Payable decreased by $9,700 during the month.
Answers
A. Operating
B. Investing
C. Financing
D. Noncash Investing and Financing Activities