From the following list, identify each item as operating (O), investing (I), financing (F), or not

Exercise 8-9 Impact of Transactions Involving Operating Assets on Statement of Cash Flows

E8-9 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

________ Depreciation expense

________ Proceeds from sale of equipment

________ Loss on sale of equipment

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Purchase of land:                                            I

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