Classifying cash flows by type of activity. Indicate whether each of the following transactions of the current period would appear as an operating, investing, or financing activity in the statement of cash flows. If any transaction would not appear in the statement of cash flows, suggest the reason.
a. Disbursement of $96,900 to merchandise suppliers.
b. Receipt of $200,000 from issuing common shares.
c. Receipt of $49,200 from customers for sales made this period.
d. Receipt of $22,700 from customers this period for sales made last period.
e. Receipt of $1,800 from a customer for goods the firm will deliver next period.
f. Disbursement of $16,000 for interest expense on debt.
g. Disbursement of $40,000 to acquire land.
h. Issue of common shares with market value of $60,000 to acquire land.
i. Disbursement of $25,300 as compensation to employees for services rendered this period.
j. Disbursement of $7,900 to employees for services rendered last period but not paid for last period.
k. Disbursement of $53,800 for a patent purchased from its inventor.
l. Acquisition of a building by issuing a note payable to a bank.
m. Disbursement of $19,300 as a dividend to shareholders.
n. Receipt of $12,000 from the sale of equipment that originally cost $20,000 and had $8,000 of accumulated depreciation at the time of sale.
o. Disbursement of $100,000 to redeem bonds at maturity.
p. Disbursement of $40,000 to acquire shares of IBM common stock.
q. Receipt of $200 in dividends from IBM relating to the shares of common stock acquired in transaction p above.