All of the following activities are reported on the statement of cash flows except

Activities that create long-term liabilities are usually

Activities affecting long-term assets are

In 20X6, PMW Corporation borrowed $120,000, paid dividends of $35,000, issued 10,000
shares for $46 per share, purchased land for $250,000, and received dividends of $20,000.
Net income was $160,000, and depreciation for the year totaled $8,000. How much should
be reported as net cash provided by operating activities by the indirect method?

Activities that obtain the cash needed to launch and sustain a company are

The exchange of shares for land

Sweet Treat Ice Cream began the year with $80,000 in accounts receivable and ended the
year with $60,000 in accounts receivable. If sales for the year were $700,000; the cash collected from customers during the year amounted to

Nassau Farms, Ltd., made sales of $760,000 and had cost of goods sold of $410,000.
Inventory decreased by $10,000 and accounts payable decreased by $12,000. Operating
expenses were $180,000. How much was Nassau Farms’s net income for the year?

Nassau Farms, Ltd., made sales of $760,000 and had cost of goods sold of $410,000.
Inventory decreased by $10,000 and accounts payable decreased by $12,000. Operating
expenses were $180,000. How much was Nassau Farms’s net income for the year?

Use the Nassau Farms data from question 12. How much cash did Nassau Farms pay for
inventory during the year?