Malzone Enterprises is preparing a statement of cash flows using the indirect method. Indicate on the blanks below whether each item is an operating activity (O), an investing activity (I), a financing activity (F), a noncash transaction (N), or an item that would not appear on or with Malzone's statement (NA).
_____ 1. The change in Accounts Payable during the period
_____ 2. Depreciation expense
_____ 3. Exchange of stock for a building
_____ 4. Purchase of equipment
_____ 5. Purchases of treasury stock
_____ 6. Borrowing by issuing bonds
_____ 7. A gain on the sale of equipment
_____ 8. Collections from customers
_____ 9. Dividends paid
_____ 10. Income taxes paid
_____ 11. Proceeds from sale of long-term investments at a loss
_____ 12. The change in Inventory for the period

Question

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The Answer of Malzone Enterprises is preparing a statement of cash flows using the indirect method. Indicate on the blanks below whether each item is an operating activity (O), an investing activity (I), a financing activity (F), a noncash transaction (N), or an item that would not appear on or with Malzone's statement (NA).
_____ 1. The change in Accounts Payable during the period
_____ 2. Depreciation expense
_____ 3. Exchange of stock for a building
_____ 4. Purchase of equipment
_____ 5. Purchases of treasury stock
_____ 6. Borrowing by issuing bonds
_____ 7. A gain on the sale of equipment
_____ 8. Collections from customers
_____ 9. Dividends paid
_____ 10. Income taxes paid
_____ 11. Proceeds from sale of long-term investments at a loss
_____ 12. The change in Inventory for the period

Malzone Enterprises Is Preparing a Statement of Cash Flows Using