Indicate the type of activity each of the following transactions represents (operating, investing, or financing) and whether
Question:
Indicate the type of activity each of the following transactions represents (operating, investing, or financing) and whether it is an inflow or an outflow.
a. Sold goods.
b. Purchased building.
c. Issued capital stock.
d. Received cash dividends.
e. Paid cash dividends.
f. Purchased treasury stock.
g. Sold available-for-sale securities.
h. Made a loan.
i. Paid interest on loan.
j. Paid bond principal.
k. Received proceeds of insurance settlement.
I. Made contribution to charity.
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Related Book For
Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
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