You are provided with the following transactions that took place during a recent fiscal year.

Instructions

Complete the table indicating whether each item

(1) Affects operating (O) activities, investing (I) activities,
financing (F) activities, or is a non-cash (NC) transaction reported in a separate schedule,

(2) Represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach.

Transcribed Image Text:

Statement of Cash Inflow, Outflow, or No Effect? Cash Flow Transaction Activity Affected a. Recorded depreciation ex pense 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 ordinary shares. e. Paid a cash dividend to preference shareholders. f. Issuance of ordinary shares to purchase land. g. Recorded cash sales. h. Recorded sales on account. i. Purchased inventory for cash. j. Purchased iventory on account.