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Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as

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Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash Inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Cash Inflow or Outflow Cash Inflow Cash inflow Cash outflow Cash Inflow Cash outflow Transaction Type of Activity 1. Issuance of common stock. Financing 2. Issuance of bonds Financing 3. Investment in bonds Investing 4. Collection of a note receivable Investing 5. Sale of inventory 6. Repayment of note payable Financing 7. Payment of a cash dividend 8. Purchase of land for cash 9. Reissue of treasury stock 10. Collection of an account receivable 11. Issuance of a note payable 12. Payment of employee salaries Operating 13. Sale of equipment for a note receivable Noncash 14. Payment of interest on bonds payable 15. Sale of a building Cash outflow No effect

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