Alfred Company manufactures men's clothing. During 2012, the company reported the following items that affected cash. Indicate whether each of these items is a cash flow from operating activities (O), investing activities (I), or financing activities (F) and whether it would be a cash inflow (+) or cash outflow (-) for the company.
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Transaction
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Activity
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Flow
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Purchased equipment by paying cash
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Collected cash on account from customers
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Paid dividends to shareholders
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Paid cash for supplies
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Paid suppliers for fabric
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Borrowed money from bank on a long-term note
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Paid wages to employees
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Sold shares of stock to new stockholders
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