Carter-Pierce Investments specializes in low-risk government bonds. Identify each of Carter-Pierce's transactions as operating (O), investing (I),

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Carter-Pierce Investments specializes in low-risk government bonds. Identify each of Carter-Pierce's transactions as operating (O), investing (I), financing (F), non-cash 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 activities.
__ a. Acquisition of building by cash payment
__ b. Decrease in merchandise inventory
__ c. Depreciation of equipment
__ d. Decrease in accrued liabilities
__ e. Payment of cash dividend
__
f. Purchase of long-term investment
__ g. Issuance of long-term note payable to borrow cash
__ h. Increase in prepaid expenses
__ i. Accrual of salary expense
__ j. Acquisition of equipment by issuance of note payable
__ k. Sale of long-term investment
__ l. Issuance of common share for cash
__ m. Increase in accounts payable
__
n. Amortization of intangible assets
__ o. Loss on sale of equipment
__ p. Payment of long-term debt
__ q. Cash sale of land
__ r. Repurchase of common shares
__ s. Net income
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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