Identify each of the following transactions as an operating activity (O),an investing activity (I),a financing activity (F),a noncash investing and financing activity (NIF),or a transaction that is not reported on the cash flow statement (N).In addition,indicate the effect that each of the following transactions has on the cash balance.Use + for increase,- for decrease,and 0 for no change.Assume the direct method is used to report cash flows from operating activities.

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The Answer of Identify each of the following transactions as an operating activity (O),an investing activity (I),a financing activity (F),a noncash investing and financing activity (NIF),or a transaction that is not reported on the cash flow statement (N).In addition,indicate the effect that each of the following transactions has on the cash balance.Use + for increase,- for decrease,and 0 for no change.Assume the direct method is used to report cash flows from operating activities.

Identify Each of the Following Transactions as an Operating Activity