The major classifications of activities reported in the statement of cash flows are operating, investing, and financing Classify each of the transactions listed below as: 1 2. 3. Operating activity-add to net income. Operating activity-deduct from net income. Investing activity. Financing activity. Reported as significant noncash activity 4. 5. The transactions are as follows. Transactions Classifications of Activities (a) Issuance of common stock (b) Purchase of land and building (c) Redemption of bonds d) Sale of equipment Depreciation of machinery Amortization of patent en P PC Syllabus SP224