Analysis of an income statement and balance sheet

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Reference no: EM131522271

Question: Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals the following items.

1. Purchase of a patent.

2. Depreciation expense.

3. Decrease in accounts receivable.

4. Issuance of a note payable.

5. Increase in inventory.

6. Collection of notes receivable.

7. Purchase of equipment.

8. Exchange of long-term assets.

9. Decrease in accounts payable.

10. Payment of dividends.

Required: Indicate in which section of the statement of cash flows each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note.

Reference no: EM131522271

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