1. The statement of cash flows classifies all cash inflows and outflows into one three categories: operating activities, investing activities and financing activities.

For each of the following transactions, indicate the appropriate classification category.

1. Payment of NSSF, NHIF and PAYE dues on behalf of employees.
2. Issue of bonds payable
3. Short-term loans received
4. Proceeds from the sale of vehicle by a University
5. Issue of stock dividends to shareholders (5 marks)