Solution-Classify the items as operating add to net income

Classify the items as operating add to net income

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Reference no: EM13508527

Springsteen Co. had the following activity in its most recent years of operations.

Items

a. Pension expense exceeds amount funded.
b. Redemption of bonds payable.
c. Sale of building at book value.
d. Depreciation.
e. Exchange of equipment for furniture.
f. Issuance of capital stock.
g. Amortization of intangible assets.
h. Purchase of treasuryt stock.
i. Issuance of bonds for land.
k. Increase in interest receivable on notes receivable.
l. Purchase of equipment.

Classify the items as (1) operating - add to net income; (2) operating - deduct from net income; (3) investing; (4) financing; or (5) significant noncash investing and financing activities. Use the indirect method.

Reference no: EM13508527

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Classify the items as operating add to net income

Reference no: EM13508527

Reference no: EM13508527

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