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.
$\begin{array}{ll}
\text { type of Activity } & \text { Transaction } \
\hline & \text { 1. Issuance of common stock } \
&\text { 2. Sale of land for cash } \
& \text {3. Purchase of treasury stock } \
&\text { 4. Collection of an account receivable } \
&\text { 5. Issuance of a note payable }
\end{array}$

Question

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.
 $\begin{array}{ll}
\text { type of Activity } & \text { Transaction } \
\hline & \text { 1. Issuance of common stock } \
&\text { 2. Sale of land for cash } \
& \text {3. Purchase of treasury stock } \
&\text { 4. Collection of an account receivable } \
&\text { 5. Issuance of a note payable }
\end{array}$

Quizplus · Accepted Answer

The Answer of 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.
 $\begin{array}{ll}
\text { type of Activity } & \text { Transaction } \
\hline & \text { 1. Issuance of common stock } \
&\text { 2. Sale of land for cash } \
& \text {3. Purchase of treasury stock } \
&\text { 4. Collection of an account receivable } \
&\text { 5. Issuance of a note payable }
\end{array}$

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