Question 1 of 4 -/5 E 1. 2. View Policies Current Attempt in Progress Stelling Corporation had the following transactions during 2020. Identify whether each transaction should be considered a cash flow from operating, investing, or financing activities, or whether the transaction is a significant non-cash activity. Issued $120,000 worth of preferred shares in exchange for land. Financing Activity Exchanged a vehicle worth $30,000 for computer system worth $30,000. Investing Activity Operating Activity Received a cash dividend of $40,000.- if ASPE Operating or Investing Activity Significant Non-Cash Activity Received a cash dividend of $40,000.- if IFRS Paid $12,000 due to suppliers for goods and services. Purchased shares in another company as a long-term investment for $50,000 cash. Paid $135,000 in salaries and wages. 3. 4. 5. 6. 7. Collected $30,000 from customers that had purchased on account. 8. Issued preferred shares for $75,000 cash. Sold a long-term investment with a cost of $80,000 for $80,000 cash. 9. 10. Collected $90,000 cash from customers for goods sold. e Textbook and Media Save for Later Attempts: 0 of 2 used Submit