Classification of Cash Flows Indicate whether each of the following items would be associated with a cash inflow (I), cash outflow (O), or noncash item (N) and under which category each would be reported on a statement of cash flows: Operating Activities (OA); Investing Activities (IA); Financing Activities (FA); or not on the statement (NOS). An example is provided.

1. Fees collected for services 2. Interest paid 3. Proceeds from sale of equipment 4. Cash (principal) received from bank on long-term note 5. Purchase of treasury stock for cash 6. Collection of loan made to company officer 7. Cash dividends paid 8. Taxes paid 9. Depreciation expense 10. Wages paid to employees 11. Cash paid for inventory purchases 12. Proceeds from sale of common stock 13. Interest received on loan to company officer 14. Purchase of land by issuing stock 15. Utility bill paid

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Item Classified as Reported under Example: Sales Revenue OA