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The Golden Gopher Corporation has engaged in various activities listed below: Sold food on account Received dividend income Purchased undeveloped land Opened a payroll checking
The Golden Gopher Corporation has engaged in various activities listed below:
- Sold food on account
- Received dividend income
- Purchased undeveloped land
- Opened a payroll checking account
- Declared a cash dividend
- Purchased food on account
- Paid income taxes
- Exchanged 2,000 shares of common stock for a long-term note
- Reclassified long-term debt as current debt
- Collected cash on a current note receivable
- Recorded depreciation
- Sold equipment for a gain
- Sold common stock
- Paid linen supplier
- Paid interest on long-term debt
REQUIRED
Identify each activity for SCF purposes as (1) an operating activity, (2) an investment activity, (3) a financing activity, (4) a noncash transaction, or (5) none of the above.
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