Indicate whether each of the following items would be associated with a cash inflow
Indicate whether each of the following items would be associated with a cash inflow (I), cash outflow (O), or noncash item (N) and under which category each would be reported on a statement of cash flows: Operating Activities (OA); Investing Activities (IA); Financing Activities (FA); or not on the statement (NOS). An example is provided.ItemClassified asReported underExample: Sales Revenue IIOA1.Fees collected for services2.Interest paid3.Proceeds from sale of equipment4.Cash (principal) received from bank on long-term note5.Purchase of treasury stock for cash6.Collection of loan made to company officer7.Cash dividends paid8.Taxes paid9.Depreciation expense10.Wages paid to employees11.Cash paid for inventory purchases12.Proceeds from sale of common stock13.Interest received on loan to company officer14.Purchase of land by issuing stock15.Utility bill paid