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Classify each of following items as an operating activity (indirect method), investing activity, or financing activity, and significant non-cash investing and financing activity. Assume all
Classify each of following items as an operating activity (indirect method), investing activity, or financing activity, and significant non-cash investing and financing activity. Assume all items involve cash unless there is information to the contrary. 1 F Please show your answer as "O" for operating activity, "T" for investing activity, "F" for operating activity, and "N" for significant non-cash investing and financing activity. Ex. 1. Issuance of bonds for land. o Ex.2. Receipt of dividends on investment in shares. 1. Payment of dividends. 2. Conversion of bonds into ordinary shares. 3. Amortization of patent. 4. Sale of building at book value. 5. Retirement of bonds. 6. Payment of income Taxes 7. Purchase of machinery 8. Sale of a long-term investment
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