Exercise1. Selected transactions for the SJH Company are listed below. 1. Collected accounts receivable. 2. Declared and paid dividends on ordinary shares. 3. Sold long-term investments for cash. 4. Issued ordinary shares for equipment. 5. Repaid five year note payable. 6. Paid employee wages. 7. Converted bonds payable to ordinary shares. 8. Acquired long-term investment with cash. 9. Sold buildings and equipment for cash. 10. Sold merchandise to customers. Instructions Classify each transaction as either (a) an operating activity, (b) an investing activity, (c) a financing activity, or (d) a noncash investing and financing activity. Exercise2. (a) Identify the alternatives for presenting significant non-cash activities in financial statements. (b) Give three or four examples of significant non-cash transactions.