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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
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. Operating Activity 2. Declared and paid dividends on common stock. Financing Activity 3. Sold long-term investments for cash. Investing Activity 4. Issued stock for equipment. Noncash investing and financing + 5. Repaid five year note payable. Financing Activity 6. Paid employee wages. Operating Activity 7. Converted bonds payable to common stock. Financing Activity 8. Acquired long-term investment with cash. Investing Activity 9. Sold buildings and equipment for cash. 10. Sold merchandise to customers. Investing Activity Operating Activity
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