Question: For each of the following items, indicate by using the appropriate code letter, how the item should be reported in the statement of cash flows,

For each of the following items, indicate by using the appropriate code letter, how the item should be reported in the statement of cash flows, using the direct method.
Potential Matches:
1: Declaration and payment of a cash dividend.
2: Decrease in accounts receivable during a period.
3: Conversion of bonds payable into common stock.
4: Purchase of land for cash.
5: Decrease in merchandise inventory during a period.
6: Decrease in accounts payable during a period.
7: Issuance of preferred stock for cash.
8: Sale of equipment for cash at book value.
: Added in determining cash receipts from customers
: Added in determining cash payments to suppliers
: Deducted in determining cash payments to suppliers
: Cash outflow - Financing activity

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