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ter 12 instru 20.00 points Problem 12-9B Classification of Transactions [LO12-1) Below are a number of transactions that took place in Willie Corporation during the

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ter 12 instru 20.00 points 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 classifed on a statement of cash flow by selecting the appropriate option from the dropdown provided under Activity and Cash inflowlOutflow. (If no option is suitable, select option "None".) Cash Inflow Transaction Activity Outflow a Common stock was sold for cash b. Equipment was sold for cash. C. I 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 9 A building was acquired by issuing shares of common stock h Accrued Income Taxes, a current iability account was reduced Long-term investments were sold J Cash dividends were k. Preferred stock was sold for cash L Bonds were retired m. Dividends were received on an investment n Equipment was purchased by giving a long-term note to the seller declared and paid References eBook & Resources Worksheet Difficulty 1 Easy Problem 12-9B Classification of Transactions [L012-1] Learning Objective 12-01 Classify cash inflows and outflows as relating to operating. investing. or financing activities

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