Selected transactions of Eller Company are listed below.

a. Increase in accounts receivable.

b. Depreciation.

c. Receipt of dividends on investment in stock.

d. Land is sold for cash at book value.

e. Purchase of treasury stock.

f. Equipment is purchased by signing a 3-year, 10% note payable.

g. Cash dividends on common stock are declared and paid.

h. 100 shares of Xerox common stock are purchased for cash.

i. Decrease in inventory.

j. Bonds payable are converted into common stock.

k. Increase in accounts payable.

l. Issued common stock for cash above par value.

INSTRUCTIONS

Classify each transaction as either a(n)operating activity, investing activity, financing activity, or non-cash investing and financing activity by placing in X in the appropriate column on the answer sheet.