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For each of the following transactions, identify the appropriate section of the statement of cash flows. (OA, Operating; IA, Investing; FA, Financing; and NC, Noncash).
For each of the following transactions, identify the appropriate section of the statement of cash flows. (OA, Operating; IA, Investing; FA, Financing; and NC, Noncash). Use the direct method. _____a. Receive payments on account from customers. _____b. Sale of equipment. _____c. Sale of stock or bond investments. _____d. Purchase and reissuance of treasury stock. _____e. Paid insurance expense. _____f.Issue stock in exchange for equipment.
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