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For each of the below transactions in Placid Company during the past year, indicate whether it should be classified as a source or a
For each of the below transactions in Placid Company during the past year, indicate whether it should be classified as a source or a use (or neither) on a simplified cash flow statement. Transaction a Equipment was purchased b. A cash dividend was declared and paid c Accounts receivable decreased. d Short-term investments were purchased e Equipment was sold t Preferred shares were sold to investors 9 Interest was paid to long-term creditors h Salaries and wages payable decreased Shares of another company were purchased Bonds were issued that will be due in 10 years kRent was received from subleasing of space, reducing rents recevable Common shares were repurchased and retired Seve&Ext
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