Identify each of the following transactions as:

Operating activity (O)

Investing activity (I)

Financing activity (F)

Noncash investing and financing activity (NIF)

For each item, indicate whether it represents and increase(+) or a decrease(-) in 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