Identify whether each of the following would be reported as an operating, investing, of financing activity in
Question:
a. Retirement of bonds payable
b. Payment of accounts payable
c. Issuance of common stock
d. Payment for administrative expenses
e. Cash received from customers
f. Purchase of land
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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