Please answer the following two M/C regarding Statement of Cash flows;

66 i)

Ingles Corp., a private company reporting under ASPE, engaged in the following transactions. For each transaction, indicate where, if at all, it would be classified on the statement of cash flows. Assume the indirect method is used. Ingles Corp. experienced a decrease in accounts receivable:

a) operating activities section

b) investing activities section

c) financing activities section

d) does not represent a cash flow

66 ii)

Ingles Corp., a private company reporting under ASPE, engaged in the following transactions. For each transaction, indicate where, if at all, it would be classified on the statement of cash flows. Repurchase of Ingles own common shares on the open market:

a) operating activities section

B) investing activities section

c) financing activities section

d) does not represent a cash flow