Classifying cash flows into categories—direct method Required Identify whether the cash flows in the following list should be classified as operating activities, investing

a. Sold merchandise on account.

b. Paid employee salary.

c. Received cash proceeds from bank loan.

d. Paid dividends.

e. Sold used equipment for cash.

f. Received interest income on a certificate of deposit.
g. Issued stock for cash.
h. Repaid bank loan.
i. Purchased equipment for cash.
j. Paid interest on loan.