Classifying transactions on the statement of cash flows—indirect method
| a. Cash | 72,000 |
| Common stock | 16,500 |
| b. Treasury stock | 88,000 |
| Cash | 103,000 |
| c. Cash | 6,800 |
| Sales revenue | 19,500 |
| d. Land | 72,000 |
| Cash | 16,500 |
| e. Depreciation expense | 88,000 |
| Accumulated depreciation | 103,000 |
| f. Dividends payable | 6,800 |
| Cash | 19,500 |
| g. Land | 22,000 |
| Cash | 9,600 |
| h. Cash | 51,000 |
| Equipment | 137,000 |
| i. Bonds payable | 1,800 |
| Cash | 22,000 |
| j. Building | 9,600 |
| Note payable, long-term | 51,000 |
| k. Loss on disposal of equipment | 137,000 |
| Equipment, net | 1,800 |
Requirement
1. Indicate whether each transaction would result in an operating activity, an investing activity, or a financing activity for an indirect method statement of cash flows and the accompanying schedule of noncash investing and financing activities.
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