Grace Jones, the bookkeeper for Tenn Valley Company, asks for your help in identifying whether the following

Question:

Grace Jones, the bookkeeper for Tenn Valley Company, asks for your help in identifying whether the following transactions should be reported on the corporation's statement of cash flows. Prepare a list for Jones indicating whether or not each transaction should be reported on the statement. If the transaction should appear on the statement, indicate whether it should be classified as a financing activity, an investing activity, or an operating activity. If the transaction should not be part of the statement of cash flows, explain why not.
1. Prepaid three months of rent on warehouse storage facilities at the end of the year.
2. Paid suppliers amount due on accounts payable.
3. Issued for cash.
4. Collected an from a customer.
5. Paid cash dividends on common stock.
6. Purchased of Apple as investment for cash.
7. Borrowed cash, signing a short-term note that was repaid before the end of the year.
8. Paid federal income taxes due.
9. Issued long-term bonds for cash.
10. Used proceeds from bond issue to purchase new equipment for plant.
11. Received principal payments on note receivable held in connection with sale of building last year.
12. Distributed a stock on common stock.
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