QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either Operating, Investing, or Financing activities assuming indirect method. 1. Paid long-term debt with cash. 2. Issued preferred stock for cash. 3. Paid cash dividends. 4. Received cash payments from customers. 5. Purchased inventories with cash. 6. Paid cash interest on outstanding notes. 7. Received cash dividends from investments. 8. Paid accounts payable with cash. 9. Received cash from sale of land. 10. Cash paid to purchase long-term investments. Financing activities Operating activities Investing activities