Question 2

Classify each of the following as an operating, investing, or financing activity under ASPE:

• Loaning money
• Receipt of cash from issuance of bonds payable
• Receipt of cash from sale of equipment
• Payments of acquisition of land
• Receiving cash from customers
• Receiving interest revenue
• Payments for inventory
• Payments for interest
• Receipt of cash from issuance of stock
• Dividends paid to shareholders
• Receipt of dividend income
• Payment of salaries to employees
• Payment of taxes