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Classify the following statements: (14 points) AS-asset source (Fuente de activo) AU-asset use (Uso de activo) AE-asset exchange (Intercambio de activo) AS, AU or AE
- Classify the following statements: (14 points)
AS-asset source (Fuente de activo)
AU-asset use (Uso de activo)
AE-asset exchange (Intercambio de activo)
| AS, AU or AE | Transactions |
|
| Money (cash) borrowed from bank. |
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| Stocks issued for cash. |
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| Money (cash) paid for operational expenses. |
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| Land bought in cash. |
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| Dividends paid to stockholders. |
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| Money (cash) received from customers for services performed. |
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| Salaries and Wages paid to exempt and hourly employees. |
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