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22. For each of the following ten transactions on the table below (next page), indicate by letter whether the cash effect of each transaction is

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22. For each of the following ten transactions on the table below (next page), indicate by letter whether the cash effect of each transaction is reported in a statement of cash flows as an: Operating Activity (OA) Investing Activity (IA) Financing Activity (FA) or Noncash Activity (NC). Also, indicate whether the transaction is A cash inflow (CI). Cash outflow (CO), or No effect on cash (NE). The first answer is provided as an example. Question: Based on the given information, please fill in the table below Type of Activity Cash Inflow or Outflow CO OA Transaction (for question 22) Payment of employee salaries 1. Issuance of bonds 2. Payment of income taxes 3. Payment of a long-term note payable 4. Sale of treasury stock 5. Payment of an account payable 6. Sale of land for cash 7. Purchase of long-term assets by issuing debt 8. Collection of an account receivable 9. Issuance of common stock 10. Purchase of inventory

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