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E16-16 Identify each of the following transactions as

E16-16 Identify each of the following transactions as
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Accounting 7th Edition by Horngren, Harrison and Bamber
Exercise 16-16 (E16-16) Identify each of the following transactions as: operating activity
(O), investing activity (I), Financing activity (F), Noncash investing and financing activity (NIF), transactions that is not reported on the statement of cash flows (N). For Each cash flow, indicate whether the item increases (+) or decreases (-) cash. the indirect method is used to report cash flows from operating activities.
1) loss of sale of land
2) acquisition of equipment by issuance of note payable.
3) payment of long term debt
4) acquisition of building by issuance of common stock
5) accrual of salary expense
6) decrease in inventory
7) increase in prepaid expense
8) decrease in accrued liabilities
9) cash sale of land
10) issuance of long term note payable to borrow cash
11) depreciation
12) purchase of treasury stock
13) issuance of common stock
14) increase in accounts payable
15) net income
16) payments of cash dividends



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