Classify Cash Flows

A company enters into the following transactions:

Required:

Indicate whether each transaction would appear under operating activities, investing activities, or financing activities. Also note if a transaction is a significant non-cash transaction that would require additional disclosure.

a. Interest is paid on a note payable. _______

b. Salaries are paid to the company's employees. _______

c. Bonds are issued in exchange for cash. ________

d. Income taxes are paid by the company. _______

e. New heavy machinery is purchased with cash. ________

f. Convertible bonds are issued in exchange for land. _______

g. Cash dividends are paid to stockholders. _______

h. The common stock of another company is purchased as an investment. _______

i. The company purchases its own common stock. ________

j. Common stock is given to the bank in return for cancellation of a note. _______

k. An amount due from a customer is collected. ______

l. Intangible assets are purchased from another company for cash. ______