Question
The Spartan Corporation has engaged in several transactions listed below: REQUIRED: identify each transaction as (1) an operating activity, (2) an investing activity, (3) a
The Spartan Corporation has engaged in several transactions listed below:
REQUIRED: identify each transaction as (1) an operating activity, (2) an investing activity, (3) a financing activity, (4) a non cash transaction
1. sold food and Beverages for cash
2. Purchased investments
3. exchanged its common stock for long term
4. sold common stock
5. issued a stock dividend
6. paid salaries and wages
7 sold investments at a loss
8. paid a cash dividend
9. purchased a sixty day treasury bill
10. sold land for a gain
11. paid interest
12. received dividends from a an investment
13. paid for food and beverage supplies
14. paid long term debt
15. purchased equipment.
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