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Problem 12-9B Classification of Transactions [LO12-1] Below are a number of transactions that took place in Willie Corporation during the past year: Indicate how each
Problem 12-9B Classification of Transactions [LO12-1] Below are a number of transactions that took place in Willie Corporation during the past year: Indicate how each of them would be classified on a statement of cash flow by selecting the appropriate option from the dropdown provided under Activity and Cash inflow/Outflow. (If no option is suitable, select option "None".) Cash Inflow I Outflow Transaction Activity a. Common stock was sold for cash. b. Equipment was sold for cash. c. A long-term loan was made to a subsidiary. d. Interest was received on loan to subsidiary. e. Interest Payable, a current liability, was reduced. f. A stock dividend was declared and issued on common stock. g. A building was acquired by issuing shares of common stock. h. Accrued Income Taxes, a current liability account, was reduced. i. Long-term investments were sold. j. Cash dividends were declared and paid. k. Preferred stock was sold for cash. . Bonds were retired m. Dividends were received on an investment. n. Equipment was purchased by giving a long-term note to the seller
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