Question: Classify the following cash flows as operating, investing, or financing activities.
1. Paid cash for property taxes on building.
2. Paid cash dividends.
3. Paid cash for wages and salaries.
4. Purchased inventories for cash.
5. Received cash payments from customers.
6. Received cash from sale of land at a loss.
7. Received cash interest on a note.
8. Paid cash interest on outstanding notes.
9. Issued common stock for cash.
10. Sold long-term investments for cash.