Impact of Transactions Involving Contingent Liabilities on Statement of Cash Flows From the following list, identify whether the change in the account balance during the year would be reported as an operating (O), an investing (I), or a fi nancing (F) activity or not separately reported on the statement of cash fl ows (N). Assume that the indirect method is used to determine the cash fl ows from operating activities.

____________ Estimated liability for warranties ____________ Estimated liability for product premiums ____________ Estimated liability for probable loss relating to litigation AppendixLO1