An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts of Conard Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate how each item should be classified in the statement of cash flows using the four major classifications listed to the right.


a. Payment of interest on notes payable

b. Exchange of land for patent

c. Sale of building at book value

d. Payment of dividends

e. Depreciation

f. Receipt of dividends on investment in stock

g. Receipt of interest on notes receivable

h. Issuance of capital stock

i. Amortization of patent

j. Issuance of bonds for land

k. Purchase of land

l. Conversion of bonds into common stock

m. Loss on sale of land

n. Retirement of bonds

NOTE: You will associate each item to the appropriate number (representing classification) using the center column.