1) Payment of interest on Notes Payable 2) Exchange of land for a patent 3) Sale of building at book value 4) Depreciation expense 5) Receipt of interest on notes receivable 6) Amortization of a patent 7) Issuance of bonds for land 8) Conversion of bonds into ordinary shares 9) Purchase of land 10) Retirement of bonds Instructions: In the Answer Booklet, for each of these 10 items numbered 1 to 10 , please indicate how each would b classified in the statement of cash flows using these 4 major classifications; Operating Activity (Indirect Method); Investing Activity; Financing Activity; and Significant Non-Cash Investing \& Financing Activity. Students can only choose one classification for each item and students do not need to rewrite the transactions. Students just have to state the classification next to the transaction number in the Answe Booklet