You are provided with the following transactions that took place during a recent fiscal year.
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Statement of |
Cash Inflow, |
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Cash Flow |
Outflow, or |
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Transaction |
Activity Affected |
No Effect? |
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(a) Recorded depreciation expense on the |
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plant assets. |
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(b) Recorded and paid interest expense. |
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(c) Recorded cash proceeds from a sale of |
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plant assets. |
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(d) Acquired land by issuing common stock. |
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(e) Paid a cash dividend to preferred |
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stockholders. |
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(f) Paid a cash dividend to common |
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stockholders. |
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(g) Recorded cash sales. |
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(h) Recorded sales on account. |
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(i) Purchased inventory for cash. |
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(j) Purchased inventory on account. |
Instructions
Complete the table indicating whether each item (1) affects operating (O) activities, investing (I) activities, financing (F) activities, or is 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.