The statement of cash flows categorizes like transactions for optimal reporting. Identify each item as a(n): (Click the icon to view the items.) The indirect method is used to report cash flows from operating activities. a. Loss on sale of land. - Choose from any drop-down list and then click Check Answer. Clear All 15 parts parts remaining - i More Info . Operating activity-addition to net income (O+) or subtraction from net income (0-) Investing activity-cash inflow (1+) or cash outflow (1) Financing activity-cash inflow (Ft) or cash outflow (F-) Non-cash investing and financing activity (NIF) Activity that is not used to prepare the indirect statement of cash flows (N) . Print Done