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14. Indicate on the blanks below the letter of the type of activity (O = operating activity, F = financing activity, I = investing activity,
14. Indicate on the blanks below the letter of the type of activity (O = operating activity, F = financing activity, I = investing activity, N = noncash transaction) each of the following transactions represents. | |||||||||||||||||
_____ 1. Company sold shares of its own stock for cash. | |||||||||||||||||
_____ 2. Acquired land and buildings by issuance of long-term mortgage payable. | |||||||||||||||||
_____ 3. Declared and paid cash dividends. | |||||||||||||||||
_____ 4. Received interest income. | |||||||||||||||||
_____ 5. Exchanged shares of stock for 15-year bonds. | |||||||||||||||||
_____ 6. Paid the U.S. Treasury for income taxes. | |||||||||||||||||
_____ 7. Collected proceeds from the sale of a long-term investment at cost. | |||||||||||||||||
_____ 8. Declared stock dividends. | |||||||||||||||||
_____ 9. Paid off long-term debt with cash. | |||||||||||||||||
_____ 10. Purchased equipment with cash. |
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