Question
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. | ||||
3. | Sold long-term investments for cash. | ||||
4. | Issued stock for equipment. | ||||
5. | Repaid five year note payable. | ||||
6. | Paid employee wages. | ||||
7. | Converted bonds payable to common stock. | ||||
8. | Acquired long-term investment with cash. | ||||
9. | Sold buildings and equipment for cash. | ||||
10. | Sold merchandise to customers. |
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
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