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Thank you!! Aurum Investments specializes in low-risk government bonds. Requirement 1. Identify each of Aurum's transactions as operating (O), investing (I), financing (F), noncash investing
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Aurum Investments specializes in low-risk government bonds. Requirement 1. Identify each of Aurum's transactions as operating (O), investing (I), financing (F), noncash investing and financing (NIF), or a transaction that is not reported on the statement of cash flows ( N ). Indicate whether each item increases (+) or decreases () cash. The indirect method is used for operating cash flows. I. Payment of long-term debt m. Increase in salary payable n. Cash sale of land o. Sale of long-term investment p. Acquisition of building by cash payment q. Net income r. Issuance of common stock for cash s. Payment of cash dividend Step by Step Solution
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