Use the same abbreviations as in 1-29 to classify each of the following transactions according to whether
Question:
In 1-29
OA………………………… Operating activities item
FA………………………… Financing activities item
IA………………………… Investing activities item
a. Sale of an investment in another company's shares
b. Net earnings
c. Cash paid to suppliers of inventory
d. Acquisition of a long-term bank loan
e. Depreciation of the factory building
f. Purchase of a truck used for deliveries
g. Payment of dividends
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Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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