You are provided with the following transactions that took place during a recent fiscal year.
|
Transaction |
Where Reported |
Cash Inflow, |
|
(a) |
Recorded depreciation expense on the |
|
|
(b) |
Recorded and paid interest expense. |
|
|
(c) |
Recorded cash proceeds from a sale of |
|
|
(d) |
Acquired land by issuing common |
|
|
(e) |
Paid a cash dividend to preferred |
|
|
(f) |
Distributed a stock dividend to common |
|
|
(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.