Three Types of Activities For each of the following transactions on the statement of cash fl ows, 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 AppendixLO1