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An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Conard 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 using the four major classifications listed to the right.
ITEMS
a. Payment of interest on notes payableb. Exchange of land for patentc. Sale of building at book valued. Payment of dividendse. Depreciationf. Receipt of dividends on investment in stockg. Receipt of interest on notes receivableh. Issuance of capital stocki. Amortization of patentj. Issuance of bonds for landk. Purchase of landl. Conversion of bonds into common stockm. Loss on sale of landn. Retirement of bonds
NOTE: You will associate each item to the appropriate number (representing classification) using the center column.
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