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1-2 Identify each of the following activities as a financing (F), investing ( or operating (O) activity. a. Selling hay to a neighbor. b. Borrowing
1-2 Identify each of the following activities as a financing (F), investing ( or operating (O) activity. a. Selling hay to a neighbor. b. Borrowing money for Operating Expenses from Farm Credit Services. c. Paying the vet bill. d. Paying back part of the money borrowed from Farm Credit Services, e. The farm owner decides to use a personal computer for farm record keeping f. Spending money from sale of grain to pay off personal credit cards. g. A young farmer receives 40 acres of land from parents. h. Buying feed for the entire winter. i. Buying a new tractor. 3. Buying diesel fuel and storing it on the farm. k. Selling an old truck 1 Spouse deposits money from part-time substitute teaching job into farm bank account financial state
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