You are provided with the following transactions that took place during a recent fiscal year.
Transactions Statement of Cash Flow Activity Affected Cash Inflow, Outflow, or No Effect?
a) Recorded depreciation expense on the plant assets.
b) Recorded and paid interest expense.
c) Recorded cash proceeds from a sale of plant assets.
d) Acquired land by issuing common stock.
e) Paid a cash dividend to preferred stockholders.
f) Paid a cash dividend to common stockholders.
g) Recorded cash sales.
h) Recorded sales on account
i) Purchased inventory for cash
j) Purchased inventory on account.
Instructions
Complete the table, indicating whether each item (1) affects operating (O) activities, investing (I) activities, financing (F) activities, or is a noncash (NC) transactions reported in a separate schedule, and (2) represents a cash inflow or cash outflow or has no cash flow effect.
Assume use of the indirect approach.