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Classify each transaction below as an operating activity O an investing activity L, a financing activity F or a non cash investing and financing activity
Classify each transaction below as an operating activity O an investing activity L, a financing activity F or a non cash investing and financing activity NA (not applicable). (Hint: when answering write a. O or l or For NA)
- Bonds payable are issued
- Interest on a short-term note receivable is collected.
- New Equipment is purchased.
- Purchase of inventory.
- Vehicle is purchased by signing a 3-year, 5% note payable.
- Cash dividends paid to common shareholders.
e. Shares of another company purchased.
h. Gain made in sale of Land.
Classify each transaction below as an operating activity O an investing activity L, a financing activity F or a non cash investing and financing activity NA (not applicable). (Hint: when answering write a. O or l or For NA)
- Bonds payable are issued
- Interest on a short-term note receivable is collected.
- New Equipment is purchased.
- Purchase of inventory.
- Vehicle is purchased by signing a 3-year, 5% note payable.
- Cash dividends paid to common shareholders.
e. Shares of another company purchased.
h. Gain made in sale of Land.
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