Werstiner Corporation is preparing its cash flow statement by the indirect method. The company has the following items for you to consider in preparing the statement. Identify each item as
• Operating activity-addition to net income (O+), or subtraction from net income (O−)
• Investing activity (I)
• Financing activity (F)
• Activity that is not used to prepare the cash flow statement (N)
Answer by placing the appropriate symbol in the blank space.
___ a. Loss on sale of land
___ b. Amortization expense
___ c. Increase in inventory
___ d. Decrease in accounts receivable
___ e. Purchase of equipment
___ f. Increase in accounts payable
___ g. Payment of dividends
___ h. Decrease in accrued liabilities
___ i. Issuance of common shares
___ j. Gain on sale of building