Question
*General Electric Corporation made several business transactions.In the space provided, classify each transaction by using the following code letters: (O) operating activity (indirect method), (I)
*General Electric Corporation made several business transactions.In the space provided, classify each transaction by using the following code letters: (O) operating activity (indirect method),
(I) investing activity, (F) financing activity, and (N) significant noncash investing and financing activity.
--------Nestle paid cash dividends to investors.
-----------The city of Bassam sold land for cash at cost.
-----------Receipt of cash dividends from another entity.
-----------IUGB bought an equipment on credit.
-----------Unilever bought treasury stocks for cash.
-----------Your company paid income taxes to government.
-----------A corporation issued long-term bonds for cash.
-----------Collection of cash from customers for sales of goods.
-----------College du Plateau made cash payments to employees for services.
-----------SOTRA purchase equity securities of another entity for cash.
-----------NSIA received interest on loans to another entity.
Nestle is a big food & beverage company
IUGB is a university
Unilever is a British multinational consumer goods company
SOTRA is a bus company
NSIA is an insurance company
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