Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method. Cash Flow 1. Purchased inventories with cash. 2. Received cash interest on a note. 3. Paid cash for property taxes on building. 4. Paid cash for utilities. 5. Paid cash for rent. 6. Received cash from sale of land. 7. Paid accounts payable with cash. 8. Sold stock investments for cash. 9. Issued preferred stock for cash. 10. Issued common stock for cash. Activity

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