Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash, or as neither (N).
Item Change ($) Item Change ($)
Cash +100 Accounts receivable -700
Accounts payable -1,000 Net profits +600
Notes payable +500 Depreciation +100
Long-term debt -2,000 Repurchase of stock +600
Inventory +200 Cash dividends +800
Fixed assets +400 Sale of stock +1,000