Question Content Area

Indicate in which section$($s$)$ of the statement of cash flows $($or accompanying schedule$)$ the preceding items would most likely be classified. After each item affecting cash, indicate whether the item would be reported as an inflow or an outflow. If an item is not affected, select "Not affected".

$1.$Depreciation expense

Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesInvesting and financing activities not affecting cash

InflowOutflowNot affected

$2.$Proceeds from sale of land at a gain

Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesInvesting and financing activities not affecting cash

InflowOutflowNot affected

$3.$Decrease in accounts payable

Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesInvesting and financing activities not affecting cash

InflowOutflowNot affected

$4.$Conversion of bonds to common stock

Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesInvesting and financing activities not affecting cash

InflowOutflowNot affected

$5.$Payment of dividends, declared last fiscal year

Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesInvesting and financing activities not affecting cash

InflowOutflowNot affected

$6.$Proceeds from issuance of short$-$term note payable, not relating to operating activities

Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesInvesting and financing activities not affecting cash

InflowOutflowNot affected

$7.$Loss on cash sale of equipment

Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesInvesting and financing activities not affecting cash

InflowOutflowNot affected

$8.$Payment for purchase of a building

Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesInvesting and financing activities not affecting cash

InflowOutflowNot affected

$9.$Bond premium amortization using the effective interest method

Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesInvesting and financing activities not affecting cash

InflowOutflowNot affected

$10.$Issuance of common stock to convert bonds payable