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out References Review View Help Open in Desktop App Tell me what you want to do 10 | A A A AaBbcc Normal No Spacing Heading Heading 2 AaBbcc Heading EEE Styles PULZ4 Name: Paragraph BUSI 1043 name twinkle Introduction to Financial Accounting For each of the following items, identify the section of the cash flow statement where it would appear Use (O) for operating activities, (I) for investing activities, (F) for financing activities, (NIF) for the schedule of noncash investing and financing activities, and (N) if the item does not appear anywhere on the cash flow statement. Assume the statement is prepared using the direct method under ASPE a.repurchase of shares b.sale of land for cash cdepreciation of machinery d.conversion of bonds into common shares e.net income f payment of cash dividends g.accrual of interest expense hloss on sale of equipment 1 issuance of preferred shares for cash jpurchase of stock as a long-term investment k distribution of a 10% stock dividend Lsales on account m.payment of income taxes ninterest received on notes receivable o collection of accounts receivable Your best friend just lost his job because the company he was working for went bankrupt. He was complaining to you that even though the company had been profitable for three years in a row, it still went out of business. He asks you how this can happen. O 3