Exercise 12-1 (Algo) Indirect: Classifying Cash flows LO CI 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). (More than one column may be used.) Statement of Cash Flows Noncash Investing & Financing Activities Not Reported on Statement or in Notes Operating Activities Investing Activities Financing Activities a. Issued bonds in return for cash b. Prepaid expenses increased in the year C. Declared and paid a cash dividend d. Accounts receivable decreased in the year e. Inventory increased in the year f. Purchased land by issuing common stock g. Accounts payable decreased in the year h. Purchased a building with cash Income taxes payable increased in the year i. j. Sold merchandise to customer for cash