Question: 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. Sold

QS 12-1 Transaction classification by activity LO C1 Classify the following

cash flows as either operating, investing, or financing activities assume indirect method

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. Sold long-term investments for cash. 2. Received cash payments from customers. 3. Paid cash for wages and salaries. 4. Purchased inventories for cash. 5. Paid cash dividends. 6. Issued common stock for cash. 7 Received cash interest on a note. 8. Paid cash interest on outstanding notes. 9. Received cash from sale of land at a loss 10. Paid cash for property taxes on building

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