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6. ( Sell a vehicle previously used to make deliveries 7.( Required: Receive a loan from the bank. Match the transaction with the business activity
6. ( Sell a vehicle previously used to make deliveries 7.( Required: Receive a loan from the bank. Match the transaction with the business activity by indicating the letter that corresponds to the appropriate business activity. QUESTION SIX (14marks) The following provides a list of transactions and a list of business activities. Transactions Business Activities 1. ( Pay for advertising a. Financing 2( Pay dividends to stockholders b. Investing 3. ( Collect cash from customer for previous sale c. Operating 4. ( Purchase a factory to be used for operations 5.( Purchase insurance one year in advance 24
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
