Harry Corporation had the following transactions during 2020. The company follows ASPE.

For each transaction, identify whether the transaction should be considered a cash flow from operating, investing, or financing activities, or whether the transaction is not a cash activity.

1) Issued common shares for $100,000 cash.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity

2) Issued $22,000 worth of common shares in exchange for equipment.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity

3) Collected $52,000 cash for services rendered.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity

4) Purchased shares in another company as a long-term investment for $18,000 cash.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity

4) Collected $9,000 of accounts receivable.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity

5)Paid $14,000 of accounts payable.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity

6) Declared and paid a cash dividend of $12,000.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity

7) Sold a long-term investment with a cost of $18,000 for $18,000 cash.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity

8) Purchased a machine for $35,000 by giving a long-term note in exchange.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity

10)Exchanged land with a fair value of $20,000 for equipment with a fair value of $20,000.

a.Financing activity

b.Investing activity

c.Not a cash transaction

d.Operating activity