Three Types of Activities For each of the following transactions on the statement of cash flows, indicate whether it would appear in the Operating Activities section (O), in the Investing Activities section (I), or in the Financing Activities section (F). Assume the use of the direct method in the Operating Activities section.

1. Repayment of long-term debt 2. Purchase of equipment 3. Collection of customer’s account 4. Issuance of common stock 5. Purchase of another company 6. Payment of dividends 7. Payment of income taxes 8. Sale of equipment