3:40 E. HW 6-Chapter 15.pdf - Read-only EXERCISES: SET B LO 1 Classification of Cash Flow Transactions E1B. CONCEPT Hugo Corporation engaged in the transactions listed below. Identify each transaction as (a) an operating activity, (b) an investing activity, (c) a financing activity, (d) a noncash transaction, or (e) not on the statement of cash flows. Assume the indirect method is used. (Hint: More than one answer may apply.) 1. Declared and paid a cash dividend. 2. Purchased a long-term investment. 3. Increased accounts receivable. 4. Paid interest. 5. Sold equipment at a loss. 6. Issued long-term bonds for plant assets. 7. Increased dividends receivable. 8. Issued common stock. 9. Declared and issued a stock dividend. 10. Repaid notes payable. 11. Decreased wages payable. 12. Purchased a 60-day Treasury bill. 13. Purchased land. Cach clau... fuam nantine Activisioc.Indian Method