You are provided with the following transactions that took place during a recent fiscal year.
| Transaction | Where Reported | Cash Inflow, |
| (a) Recorded depreciation expense on the plant assets. | ||
| (b) Recorded and paid interest expense. | ||
| (c) Recorded cash proceeds from a sale of plant assets. | ||
| (d) Acquired land by issuing common stock. | ||
| (e) Paid a cash dividend to preferred stockholders. | ||
| (f) Distributed a stock dividend to common stockholders. | ||
| (g) Recorded cash sales. | ||
| (h) Recorded sales on account. | ||
| (i) Purchased inventory for cash. | ||
| (j) Purchased inventory on account. |
Instructions
Complete the table, indicating whether each item (1) should be reported as an operating (O) activity, investing (I) activity, financing (F) activity, or as a noncash (NC) transaction reported in a separate schedule, and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach.
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