QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Paid cash for property taxes on building. 2. Received cash dividends from investments. 3. Paid accounts payable with cash. 4. Sold stock investments for cash. 5. Paid cash for a building. 6. Cash paid to purchase long-term investments. 7. Received cash from long-term debt issuance. Issued preferred stock for cash. 9. Issued common stock for cash. 10. Purchased inventories with cash. 8