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Please classify transactions below of the current period as operating, inventing, or financing activity in the Statement of Cash Flows. 1. Disbursement of $40,000 to
Please classify transactions below of the current period as operating, inventing, or financing activity in the Statement of Cash Flows.
1. Disbursement of $40,000 to acquire the shares of another firm
2. Disbursement of $42,000 to acquire land
3. Disbursement of $33,300 as compensation to employees
4. Disbursement of $10,000 for interest expense on debt
5. Disbursement of $10,000 for interest expense on debt
6. Receipt of $33,200 from customers for sales made last period
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