Textbook Problem

Classifying and Analyzing Business Activities

CTT Inc. reported the following business activities during 2019:

Required:

1. Indicate whether each activity should be classified as a cash flow from operating activities, cash flow from investing activities, cash flow from financing activities, or noncash investing and financing activity. Assume that CTT uses the indirect method.

2. For each activity that is reported on the statement of cash flows, indicate whether it produces a cash inflow, cash outflow, or no cash effect.