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Below are certain events that took place in a company for the past year. Determine whether the activity shall be reported under operating activity, investing
Below are certain events that took place in a company for the past year. Determine whether the activity shall be reported under operating activity, investing activity, or financing activity. 1Collected cash from customer 2Paid cash to repurchase its own stocks. 3Borrowed money from a creditor 4Paid suppliers for inventory purchases 5Repaid the principal amount of a debt 6Paid interest to lenders 7Paid a cash dividend to stockholders 8Sold common stock 9Loaned money to another entity 10Paid taxes to the government 11Paid wages and salaries to employees 12Purchased equipment with cash 13Paid bills to insurers and utility providers
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