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 these four major classifications: operating activity (indirect method), investing activity, financing activity and significant noncash investing and financing activity.
(a) Payment of interest on notes payable ____________
(b) Exchange of land patent _________
(c) Sale of building at book value __________
(d) Payment of dividends ____________
(e) Depreciation ____________
(f) Receipt of dividends on investment stock ____________
(g) Receipt of interest on 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 _____________