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Given Below Is a List of Items That May Be

question 93

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Given below is a list of items that may be reported on a statement of cash flows.Identify each as one of the following using the indirect method:
-Loss of the sale of equipment


Definitions:

Dividend Income

Money paid to shareholders out of a corporation's profits.

Current Distribution

This refers to the disbursement of a fund's or company’s earnings to its shareholders or partners.

Personal-Use Asset

An asset primarily used for personal enjoyment or living purposes, not for business or investment.

Guaranteed Payments

Guaranteed Payments are payments made by a partnership to a partner for services or capital investment, which are not dependent on the partnership's income.

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