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HI , I need help with this question. thank you For each of the following items, indicate by using the appropriate code letter (I, O,

HI , I need help with this question. thank you

For each of the following items, indicate by using the appropriate code letter (I, O, F, or N) which section of the statement of cash flows it would appear in. Each item is worth 1 mark.

I: Investing activity

O: Operating activity

F: Financing activity

N: Not shown no impact on cash

  1. Issue (sold) common shares for cash.
  2. Used cash to purchase inventory.
  3. Received cash for sale of equipment for more than the book value.
  4. Issued preferred shares in exchange for equipment.
  5. Paid for a one-year insurance policy.
  6. Received cash from a customer in payment of their account receivable.
  7. Declared and paid a dividend to the common shareholders.
  8. Retired bonds payable with cash.
  9. Paid cash to purchase a new delivery truck.
  10. Paid for advertising expense.

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