a. Whether each transaction is an inflow, outflow or a non-cash item in the statement of cash flows. Use the letter I for Inflow, letter O for outflow and the letter N for b. The section of the statement of cash flows where each transaction appears, ie operating, investing or financing. Use the letter O for operating, letter I for investing. Transaction 1. Interest Paid 2. Purchase of another business 3. Collections from customers 4. Dividends Declared and paid 5. Cost of sales 6. Sale of Motor Vehicle 7. Cash proceeds from equity raising 8. Electricity paid 9. Paid Wages Cash Flow Effect Cash flow section Inflow (I) Outflow (O) Non-cash item (N) Operating (O) Investing (I) Financing(F) Non Cash Item (NC)