Stanley Furniture Company is a Virginia-based furniture manufacturer. For each of die follow ing firstquarter 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 die journal entry recorded for the transaction. The transaction affects net cash flows if and only if the account Cash is affected.)

Paid cash to purchase new equipment.

Purchased raw materials inventory on account.

Collected payments on account from customers.

Recorded an adjusting entry to record accrued salaries expense.

Recorded and paid interest on debt to creditors.

Repaid principal on revolving credit loan from bank.

Prepaid rent for the following period.

Sold used equipment for cash at book value.

Made payment to suppliers on account.
Declared and paid cash dividends to shareholders.