(Solution) - Bewell Clinic Inc is preparing its statement of cash flows -(2025 Original AI-Free Solution)

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Bewell Clinic Inc. is preparing its statement of cash flows (indirect method) for the year ended November 30, 2014. Consider the following items in preparing the company's statement of cash flows. Identify each item as an operating activity-addition to net income (O), or subtraction from net income (O-); an investing activity (I); a financing activity (F); or an activity that is not used to prepare the statement of cash flows by the indirect method (N). Place the appropriate symbol in the blank space.
__ a. Loss on sale of land
__ b. Depreciation expense
__ c. Increase in inventory
__ d. Decrease in prepaid expense
__ e. Decrease in accounts receivable
__ f. Purchase of equipment
__ g. Collection of cash from customers
__ h. Increase in accounts payable
__ i. Net income
__ j. Payment of dividends
__ k. Decrease in accrued liabilities
__ l. Issuance of common shares
__ m. Gain on sale of building
__ n. Retained earnings