Exercise 12-1 (Algo) Indirect: Classifying Cash flows LO C1 Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). Note: More than one column may be used. Statement of Cash Flows a. Purchased treasury stock with cash b. Inventory increased in the year c. Issued bonds in return for cash d. Accounts payable decreased in the year e. Income taxes payable increased in the year f. Purchased land by issuing common stock g. Sold merchandise to customer for cash h. Purchased a building with cash i. Received a cash dividend from investment j. Recorded depreciation expense Operating Investing Financing Activities Activities Activities Noncash Investing and Not Reported Financing on Statement or in Notes Activities