____ a. Increase in accounts payable _____ g. Depreciation expense

____ b. Payment of dividends _____ h. Increase in Inventory

____ c. Decrease in accrued liabilities _____ i. Decrease in accounts receivable

____ d. Issuance of common stock _____ j. Purchase of equipment

____ e. Gain on sale of building

____ f. Loss on sale

1. Indentify each item as a (n)

a) Operating activity -addition to net income (O+), or subtraction from net income (O-)

b) Investing activity -addition to cash flow (1+), or subtraction from cash flow (1-)

c) Financing activity-addition to cash flow (F+), or subtraction from cash flow (F-)

d) Activity that is not used to prepare the indirect cash flow statement (N)