The statement of cash flows classifies all cash inflows and outflows into one of the three categories shown below and lettered from a-c. In addition, certain transactions that do not involve cash are reported in the statement as noncash investing and financing activities, labeled d.

a) Operating activities

b) Investing activities

c) Financing activities

d) Noncash investing and financing activities

For each of the following transactions, use the letters above to indicate the appropriate classification category.

1. ____ Purchase of equipment in exchange for a note payable.

2. ____ Payment of rent.

3. ____ Collection of cash from customers.

4. ____ Payment of interest on debt.

5. ____ Purchase of a bond of another company.

6. ____ Issuance of common stock for cash.

7. ____ Sale of land for cash.

8. ____ Receipt of interest on a note receivable.

9. ____ Receipt of principal on a note receivable.

10. ____ Payment of cash dividends to shareholders.

11. ____ Payment to suppliers of inventory.