Cash Flows Marching Question: Listed below are reporting classifications for a statement of cash flows using the indirect method. For each of the ten transactions described below, indicate how the transaction would be reported on the statement of cash flows by placing the letters of the reporting classification on the line alongside each transaction. For example, purchasing the common stock of another company would be a negative investing cash flow and the answer would be IN. Statement of Cash Flows Classification: OP. Operating Activities, Positive cash flow adjustment to net income ON. Operating Activities, Negative cash flow adjustment to net income IP. Investing Activities, Positive cash flow IN. Investing Activities, Negative cash flow FP. Financing Activities, Positive cash flow FN. Financing Activities, Negative cash flow Transactions: Sale of Land for cash. Depreciation expense. Issuing common stock for cash. Decrease in accounts payable. Purchase of equipment with cash. Payment of cash dividends. Increase in accounts receivable.

Listed below are reporting classifications for a statement of cash flows using the indirect method. For each of the ten transactions described below, indicate how the transaction would be reported on the statement of cash flows by placing the letters of the reporting classification on the line alongside cach transaction. For example, purchasing the common stock of another company would be a negative investing cash flow and the answer would be IN. Statement of Cash Flows Classification: OP. Operating Activities, Positive cash flow adjustment to net income ON. Operating Activities, Negative cash flow adjustment to net income IP. Investing Activities, Positive cash flow IN. Investing Activities, Negative cash flow? FP. Financing Activities, Positive cash flow EN. Financing Activities, Negative cash flow Transactions: Sale of Land for cash. Depreciation expense. Issuing common stock for cash. Decrease in accounts payable. Purchase of equipment with cash. Payment of cash dividends