Brief Exercise 13-1 For each of the following transactions, indicate whether it will result in an increase, decrease, or have no effect on cash flows: Repayment of mortgage payable Payment of interest on mortgage Purchase of land in exchange for common shares ssue of proferred shares for cash Payment for the purchase of a held for trading investment that is not a cash equivalent Collection of accounts receivable Declaration of cash dividend | Payment of cash dividend Cash purchase of inventory Recording of depreclation expense Purchase and cancellation of common shares No Effect Increase Question Attempts: 0 of 2 used