Question
For each of the following items, indicate whether it would be classified as an (O) operating activity, an (I) investing activity, a (F) financing activity,
For each of the following items, indicate whether it would be classified as an (O) operating activity, an (I) investing activity, a (F) financing activity, or a significant (N) noncash financing and investing activity. (5 points)
__________ (1) Received cash dividends from investments.
__________ (2) Collected accounts receivable from customers.
__________ (3) Issued bonds payable for cash.
__________ (4) Sold equipment for cash
__________ (5) Purchased land for cash.
__________ (6) Purchased land in exchange for a long term note payable.
__________ (7) Paid wages with cash.
__________ (8) Paid cash dividends.
__________ (9) Received interest from investments bank account.
_________ (10) Issued common stock for cash
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started