You are provided with the following transactions that took place during a recent fiscal year.

Transaction

Where Reported
on Statement

Cash Inflow,
Outflow, or
No Effect?

(a)

Recorded depreciation expense on the
plant assets.

(b)

Recorded and paid interest expense.

(c)

Recorded cash proceeds from a sale of
plant assets.

(d)

Acquired land by issuing common
stock.

(e)

Paid a cash dividend to preferred
stockholders.

(f)

Distributed a stock dividend to common
stockholders.

(g)

Recorded cash sales.

(h)

Recorded sales on account.

(i)

Purchased inventory for cash.

(j)

Purchased inventory on account.

Instructions

Complete the table indicating whether each item (1) should be reported as an operating

(O) activity, investing (I) activity, financing (F) activity, or as a noncash (NC) transaction reported in a separate schedule, and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach.