An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts of Wellman Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary.Indicate how each item should be classified in the statement of cash flows (indirect method) using these four major classifications: operating activity (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the indirect method), investing activity, financing activity, and significant noncash investing and financing activity. (a)   Payment of interest on notes payable.    Operating ActivityNoncash Investing and/or Financing ActivityFinancing ActivityInvesting Activity           (b)   Exchange of land for patent.    Investing ActivityOperating ActivityNoncash Investing and/or Financing ActivityFinancing Activity           (c)   Sale of building at book value.    Financing ActivityInvesting ActivityNoncash Investing and/or Financing ActivityOperating Activity           (d)   Payment of dividends.    Operating ActivityInvesting ActivityNoncash Investing and/or Financing ActivityFinancing Activity           (e)   Depreciation.    Financing ActivityOperating ActivityInvesting ActivityNoncash Investing and/or Financing Activity           (f)   Receipt of dividends on investment in stock.    Financing ActivityOperating ActivityInvesting ActivityNoncash Investing and/or Financing Activity           (g)   Receipt of interest on notes receivable.    Investing ActivityOperating ActivityFinancing ActivityNoncash Investing and/or Financing Activity           (h)   Issuance of common stock.    Noncash Investing and/or Financing ActivityInvesting ActivityFinancing ActivityOperating Activity           (i)   Amortization of patent.    Investing ActivityFinancing ActivityNoncash Investing and/or Financing ActivityOperating Activity           (j)   Issuance of bonds for land.    Noncash Investing and/or Financing ActivityFinancing ActivityOperating ActivityInvesting Activity           (k)   Purchase of land.    Financing ActivityInvesting ActivityOperating ActivityNoncash Investing and/or Financing Activity           (l)   Conversion of bonds into common stock.    Operating ActivityFinancing ActivityInvesting ActivityNoncash Investing and/or Financing Activity           (m)   Sale of land at a loss.    Noncash Investing and/or Financing ActivityInvesting ActivityOperating ActivityFinancing Activity           (n)   Retirement of bonds.    Operating ActivityFinancing ActivityNoncash Investing and/or Financing ActivityInvesting Activity

Classification of Cash Flows Patel Company reported the following items in its statement of cash flows presented using the indirect method. a. Issuance of common stock b. Cash paid for interest c. Sold equipment for cash d. Receipt of cash dividend on investment e. Repayment of principal on long-term debt f. Loss on disposal of equipment. Required: Indicate whether each item should be classified as a cash flow from operating activities, a cash flow from investing activities, a cash flow from financing activities. Use the following information for Cornerstone Exercises 11-16 and 11-17: A review of the balance sheet of Peterson Inc. revealed the following changes in the account balances: a. Increase in long-term investment b Increase in accounts receivable c. Increase in common stock d. Increase in long-term debt e. Decrease in accounts payable f. Decrease in supplies inventory g. Increase in prepaid insurance h. Decrease in retained earnings

Use the following cash transactions relating to Warthoff Company to determine the cash flows from operating, using the direct method.

Analysis of Longmind Companys accounts revealed the following activity for Equipment, with descriptions added for clarity of analysis. How would these two transactions be reported for cash flow purposes? Note the section of the statement of cash flow, if applicable, and if the transaction represents a cash source, cash use, or noncash transaction.

Use the following information from Jumper Companys financial statements to determine operating net cash flows (indirect method).

The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: The noncurrent asset, noncurrent liability, and stockholders equity accounts for 20Y2 are as follows: Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.

Use the following information from Chocolate Companys financial statements to determine operating net cash flows (indirect method).

Use the following excerpts from Unigen Companys financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018.

Use the following information from Eiffel Companys financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.

Use the following information from Coconut Companys financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.