For Each of the Following, Identify Whether It Would Be

question 22

Short Answer

For each of the following, identify whether it would be disclosed as an operating (O), financing (F), or investing (I) activity on the statement of cash flows under the indirect method.
a. purchased buildings
b. sold patents
c. net income
d.issued common stock
e.paid cash dividends
f. depreciation expense

---

Definitions:

CISG

The treaty known as the United Nations Convention on Contracts for the International Sale of Goods sets a standardized law for international sales transactions.

Sales Contract

A legally binding agreement between a buyer and a seller detailing the terms and conditions of the sale of goods or services.

Uniform Commercial Code

A collection of laws that govern commercial transactions in the United States, aiming to standardize the law in all 50 states.

Residents of the United States

Individuals who live in the United States, either permanently or under circumstances that indicate a long-term intention of staying.