Classifying inflows and outflows of cash 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 +100 Accounts receivable ?700

Accounts payable ?1,000 Net profits +600

Notes payable +500 Depreciation +100

Long-term debt ?2,000 Repurchase of stock +600

Inventory +200 Cash dividends +800

Fixed assets +400 Sale of stock +1,000