Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method. Cash Flow 1. Paid cash for wages and salaries. 2. Purchased inventories with cash. 3. Paid cash interest on outstanding notes. 4. Received cash dividends from investments. 5. Paid accounts payable with cash. 6. Sold stock investments for cash. 7. Paid cash for a building. 8. Cash paid to purchase investments. 9. Paid long-term debt with cash. 10. Paid cash dividends. Activity Operating

Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method