Cornerstone Exercise 11-16 Classification of Cash Flows A review of the balance sheet of Peterson Inc. revealed the following changes in the account balances: Required: Classify each change in the balance sheet account as a cash flow from operating activities, a cash flow from investing activities, a cash flow from financing activities, or a noncash investing and financing activity. Increase in long-term investment Increase in accounts receivable a. b. C. Increase in common stock d. Increase in long-term debt e. Decrease in accounts payable f. Decrease in supplies inventory 9. Increase in prepaid insurance Decrease in retained earnings h. cone Exercise 11-16 tion of Cash Flows of the balance sheet of Peterson Inc. revealed the following changes in the account balances: cach change in the balance sheet account as a cash flow from operating activities, a cash flow from investing activities, a from financing activities, or a noncash investing and financing activity. ease in long-term investment ease in accounts receivable Operating ease in common stock Investing ease in long-term debt Financing ease in accounts payable Financing or Operating ease in supplies inventory Noncash investing and financing ease in prepaid insurance rease in retained earnings dropdown