Exercise 11-35 Classification of Cash Flows The following are several items that might be disclosed on a company's statement of cash flows presented using the indirect method. C Required: Indicate whether each item should be classified as a cash flow from operating activities, cash flow from investing activities, cash flow from financing activities, or noncash investing and financing activity. Net income a. Depreciation expense b. Issuance of common stock C. Loss on disposal of equipment d. Purchase of a building e. f. Decrease in accounts payable Converted bonds into common stock g. h. Sale of long-term investment i. Payment of interest Increase in inventory