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Classify each of the following items as an inflow (I) or an outflow (O) of cash, or as neither (N). Item Change ($) Item Change

Classify each of the following items as an inflow (I) or an outflow (O) of cash, or as neither (N).

Item Change ($) Item Change ($)
Cash +150 Cash dividends +540
Account payable +1,100 Account receivable - 460
Notes payable -530 Inventory - 160
Fixed assets +550 Repurchase of stock +475
Sale of stock +950 Long-term debt -1,890
Depreciation +110 Net profit +380

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