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For Each of the Following Five Transactions,indicate by Letter Whether

question 111

Essay

For each of the following five transactions,indicate by letter whether the cash effect of each transaction is reported in a statement of cash flows as an operating (O),investing (I),financing (F),or noncash (NC)activity.
 type of Activity  Transaction  1. Issuance of common stock  2. Sale of land for cash 3. Purchase of treasury stock  4. Collection of an account receivable  5. Issuance of a note payable \begin{array}{ll}\text { type of Activity } & \text { Transaction } \\\hline & \text { 1. Issuance of common stock } \\&\text { 2. Sale of land for cash } \\& \text {3. Purchase of treasury stock } \\&\text { 4. Collection of an account receivable } \\&\text { 5. Issuance of a note payable }\end{array}


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