Listed below are several transactions. For each transaction, indicate by letter whether the cash effect of each transaction is reported in a statement of cash flows as an operating (O), investing (I), financing (F), or noncash (NC) activity. Also, indicate whether the transaction is a cash inflow (CI), cash outflow (CO), or no effect on cash (NE). The first answer is provided as an example.Type of ActivityCash Inflow or OutflowTransactionFCI1. Issuance of common stock??2. Issuance of bonds??3. Investment in bonds??4. Collection of a note receivable??5. Sale of inventory??6. Repayment of note payable??7. Payment of a cash dividend??8. Purchase of land for cash??9. Reissue of treasury stock??10. Collection of an account receivable??11. Issuance of a
note payable??12. Payment of employee salaries??13. Sale of equipment for a note receivable??14. Payment of interest on bonds payable??15. Sale of a building
What will be an ideal response?
| Type of Activity | Cash Inflow or Outflow | Transaction |
| F | CI | 1. Issuance of common stock |
| F | CI | 2. Issuance of bonds |
| I | CO | 3. Investment in bonds |
| I | CI | 4. Collection of a note receivable |
| O | CI | 5. Sale of inventory |
| F | CO | 6. Repayment of note payable |
| F | CO | 7. Payment of a cash dividend |
| I | CO | 8. Purchase of land for cash |
| F | CI | 9. Reissue of treasury stock |
| O | CI | 10. Collection of an account receivable |
| F | CI | 11. Issuance of a note payable |
| O | CO | 12. Payment of employee salaries |
| NC | NE | 13. Sale of equipment for a note receivable |
| O | CO | 14. Payment of interest on bonds payable |
| I | CI | 15. Sale of a building |
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