"QS 16-4 Identifying non-cash transactions L03 Identify which of the following are non-cash financing and investing transactions. 1. Long-term bonds were retired by issuing common shares. 2. Recorded depreciation expense on the building. 3. A 3:2 share split was declared. 4. A cash dividend was declared and paid. 5. Merchandise was sold on credit. 6. Property, plant, and equipment items were acquired by borrowing from the bank 7. Borrowed cash from the bank and signed a long-term note payable. 8. Property taxes owed to the city were accrued. QS 16-5 Calculating cash from operating activities (indirect method) 105 Using the indirect method, calculate the cash inflow or outflow from operating activities, using the following information: Denman Inc. Comparative Balance Sheet Information December 31 2020 2019 $ 10 $ 25 28 36 49 22 5 4 4 Cash.... Accounts receivable (net). Merchandise inventory.... Prepaid rent..... Office supplies.. Property, plant, and equipment (net)*. Accounts payable......... Unearned revenue. Common shares.. Retained earnings** 3 120 145 18 20 7 2 90 90 100 124 "No property, plant, and equipment items were purchased or sold during 2020. **No dividends were declared or paid during 2020