The statement of cash flows categorizes like transactions for optimal reporting. Identify each item as a(n): bullet Operating activitylong dashaddition to net income (O+) or subtraction from net income (O-) bullet Investing activitylong dashcash inflow (I+) or cash outflow (I-) bullet Financing activitylong dashcash inflow (F+) or cash outflow (F-) bullet Non-cash investing and financing activity (NIF) bullet Activity that is not used to prepare the indirect statement of cash flows (N) The indirect method is used to report cash flows from operating activities. Question content area bottom Part 1 a. Loss on sale of land. O+ b. Acquisition of equipment by issuance of note payable. NIF c. Payment of long-term debt. F- d. Acquisition of building by issuance of common stock. NIF e. Increase in Salaries Payable. O+ f. Decrease in Merchandise Inventory