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The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. 3. Investing activity. 4. Financing activity. 5. Reported as significant noncash activity

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Answer: Your question is incomplete, as you omitted the transactions which i will add for you in the Explanation Section.

Step-by-step explanation:

The transactions are as follows with the corresponding activities

(a) Issuance of common stock. ------Financing Activity

(b) Purchase of land and building----- Investing Activity

(c) Redemption of bonds------ Financing Activity

(d) Sale of equipment. ------Investing Activity

(e) Depreciation of machinery----Operating Activity-Add to Net Income

(f) Amortization of patent.-----Operating Activity-Add to Net Income

(g) Issuance of bonds for plant assets.----Reported as Significant Non-cash Activity

(h) Payment of cash dividends. -------Financing Activity

(i) Exchange of furniture for office equipment. -------Reported as Significant Non-cash Activity

(j) Purchase of treasury stock. ------Financing Activity

(k) Loss on sale of equipment. -------Operating Activity-Add to Net Income

(l) Increase in accounts receivable during the year.------Operating Activity-Deduct from Net Income

(m) Decrease in accounts payable during the year.------Operating Activity-Deduct from Net Income

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