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

Question:

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 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 Amortization of
_ 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
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