Business, 19.12.2019 20:31 chumreaper2002

You are provided with the following information regarding events that occurred at moore corporation during 2017 or changes in account balances as of december 31, 2017.moore prepares its statement of cash flows using the indirect approach. complete the first column of the table, indicating whether each item affects the operating activities section (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the indirect approach), investing activities section, financing activities section, or is a noncash transaction reported in a separate schedule. for those items classified as operating activities, indicate whether the item is added or subtracted from net income to determine net cash provided by operating activities.(1)statementof cashflow sectionaffected(2)if operating, did itincrease or decreasereported cash fromoperating activities? (a) depreciation expense was $80,000. financing activityinvesting activitynoncash transactionoperating activity addednot applicablesubtracted(b) interest payable account increased $5,000. financing activityinvesting activitynoncash transactionoperating activity addednot applicablesubtracted(c) received $26,000 from sale of plant assets. financing activityinvesting activitynoncash transactionoperating activity addednot applicablesubtracted

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