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Selected transactions for the Ecker Company are listed below. Classify each transaction as either an operating activity, an investing activity, a financing activity, or a
Selected transactions for the Ecker Company are listed below. Classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash investing and financing activity.
1. | Collected accounts receivable. | ||||
2. | Declared and paid dividends on common stock. |
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3. | Sold long-term investments for cash. |
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4. | Issued stock for equipment. |
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5. | Repaid five year note payable. |
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6. | Paid employee wages. |
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7. | Converted bonds payable to common stock. | ||||
8. | Acquired long-term investment with cash. |
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9. | Sold buildings and equipment for cash. |
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10. | Sold merchandise to customers. |
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