2. Classification of cash flows

Indicate how each of the following events should be classified in a statement of cash flows for the calendar year. Use the following code: O = operating activities, I = investing activities, and F = financing activities

Assume use of the direct method. If the event does not involve a cash flow that should be included in the statement of cash flows, use an X.

_____ (a) Paid an account payable for inventory purchased in a prior accounting period.

_____ (b) On December 28, made a large credit sale; terms, 2/10, n/30.

_____ (c) Received a dividend from an investment in IBM common stock.

_____ (d) Paid a dividend to stockholders.

_____ (e) Paid the interest on a note payable to First Bank.

_____ (f) Paid the principal amount due on the note payable to First Bank.

_____ (g) Transferred cash from a checking account into a money market fund.

_____ (h) Made an adjusting entry to record accrued wages payable at the end of the period.

_____ (i) Recorded depreciation expense for the current year.

_____ (j) Purchased plant assets for cash.