Classification of Cash Flows}

Patel Company reported the following items on its statement of cash flows presented using the indirect method.

a. Issuance of common shares

b. Cash paid for interest debt

c. Sold equipment for cash

d. Receipt of cash dividend on investment

e. Repayment of principal on long-term debt

f. Loss on disposal of equipment

\section*{Required:}

Indicate whether each item should be classified as a cash flow from operating activities, a cash flow from investing activities, or a cash flow from financing activities.

\section*{Cornerstone Exercise