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Cornerstone Exercise 11-15 Classification of Cash Flows Patel Company reported the following items in its statement of cash flows presented using the indirect method. Required:

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Cornerstone Exercise 11-15 Classification of Cash Flows Patel Company reported the following items in its statement of cash flows presented using the indirect method. Required: Indicate whether each item should be classified as a cash flow from operating activities, a cash flow from investing activities, or a cash flow from financing activities. a. Issuance of common stock b. Cash paid for interest c. Sold equipment for cash d. Receipt of cash dividend on investment e. Repayment of principal on long-term debt f. Loss on disposal of equipment

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