Compaq Computer Corporation is a leading manufacturer of personal computers and servers for the business and home markets. For each of the following recent transactions, indicate whether net cash inflows (outflows) from operating activities (NCFO), investing activities (NCFI), or financing activities

(NCFF) are affected and whether the effect is an inflow ( + ) or outflow (-), or (NE) if the transaction has no effect on cash. (Hint: Determine the journal entry recorded for the transaction. The transaction affects net cash flows if and only if the account Cash is affected.)

1 . Recorded and paid income taxes to the federal government. 2. Issued common stock for cash. 3. Prepaid rent for the following period. 4. Recorded an adjusting entry for expiration of a prepaid expense. 5. Paid cash to purchase new equipment. 6. Issued long-term debt for cash. 7. Collected payments on account from customers. 8. Purchased raw materials inventory on account. 9. Recorded and paid salaries to employees. 10. Purchased new equipment by signing a three-year note.