You are provided with the following transactions that took place during a recent fiscal year.
|
Transaction |
Statement of Cash Flow Activity Affected |
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 disposal of plant assets. |
||
|
(d) Acquired land by issuing common stock. |
||
|
(e) Paid a cash dividend to preferred stockholders. |
||
|
(f) Paid a cash 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) 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.