Classify each of the following transactions as an operating activity an investing activity or a
financing activity. Also indicate whether the activity is a source of cash or a use of cash.
(a) A plant was sold for $550000.
(b) A profit of $75000 was reported.
(c) Long-term bonds were retired.
(d) Cash dividends of $420000 were paid.
(e) Four hundred thousand shares of preferred stock were sold.
(f) A new high-tech robotics was purchased.
(8) A long-term note payable was issued.
(h) A 50 percent interest in a company was purchased.
(i) A loss for the year was reported.
(j) Additional common stock was sold.