During 2016, the Following Items Were Reported on ShoeCo's Statement

question 15

Essay

During 2016, the following items were reported on ShoeCo's statement of cash flows in millions of dollars.
Required:
For each item, identify the type of activity it is (operating, investing, financing) and the effect it would have on the statement of cash flows. The operating activities section is prepared using the indirect method. Enter "+" if the item is added or "-" if the item is subtracted. Do not enter dollar amounts.

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Definitions:

Communist Systems

Political and economic systems in which property and resources are commonly owned, aiming to eliminate social classes and promote equality.

Conduct Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions, typically used to gain a deeper understanding of a topic or to solve a problem.