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Identify each of the following transactions as one of the following:

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Question;1. Identify each of the following transactions as one of the following:o ? Operating activity (O)o ? Investing activity (I)o ? Financing activity (F)o ? Noncash investing and financing activity (NIF)For each cash flow, indicate whether the item increases (+) or decreases (?) cash. The indirect method is used to report cash flows from operating activities.? _____ a. Cash sale of land.? _____ b. Issuance of long-term note payable in exchange for cash.? _____ c. Depreciation of equipment.? _____ d. Purchase of treasury stock.? _____ e. Issuance of common stock for cash.? _____ f. Increase in accounts payable.? _____ g. Net income.? _____ h. Payment of cash dividend.? _____ i. Decrease in accrued liabilities.? _____ j. Loss on sale of land.? _____ k. Acquisition of building by issuance of notes payable.? _____ l. Payment of long-term debt.? _____ m. Acquisition of building by issuance of common stock.? _____ n. Decrease in accounts receivable.? _____ o. Decrease in inventory.? _____ p. Increase in prepaid expenses.

 

Paper#37887 | Written in 18-Jul-2015

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