BUSINESS ACTIVITIES Listed below are various activities that companies engage in during a period.

a. The sale of goods or services

b. The purchase of equipment

c. The payment of a dividend

d. The purchase of supplies

e. Contribution of cash by owners

f. The sale of equipment g. Borrowed money from a bank Required:

For each of the activities listed above, classify the activity as operating (O), investing (I), or financing (F).

Cornerstone Exercise