P4–5 Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash, or as neither (N).

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Item Cash Change ($) Item Change ($) +100 Accounts receivable -700 Accounts payable -1,000 Net profits +600 Notes payable +500 Depreciation +100 Long-term debt -2,000 Repurchase of stock +600 Inventory +200 Cash dividends +800 Fixed assets +400 Sale of stock +1,000