Question: From the following list, identify each item as operating (O), investing (I), financing (F), or not separately reported on the statement of cash flows (N).

From the following list, identify each item as operating (O), investing (I), financing (F), or not separately reported on the statement of cash flows (N).

________ Purchase of land

________ Proceeds from sale of land

________ Gain on sale of land

________ Purchase of equipment

equipment ________ Depreciation expense ________ Proceeds from sale of equipment ________ Loss on sale of equipment

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