Question

1. For each of the following items, indicate whether it would be classified as an (O) operating activity, an

    (I) investing activity, a (F) financing activity, or a significant (N) noncash investing or financing activity.

__________Received cash dividends from an investment in the stock of another corporation.

__________Collected accounts receivable from customers.

__________Issued bonds payable for cash.

__________Paid wages to employees.

__________Issued stock for cash.

__________Sold equipment for cash.

__________Purchased land in exchange for a note payable.

__________Paid cash dividends.

__________Received interest from an investment in the bonds of another corporation.

__________Purchase of land for cash,

__________Signed a note payable in exchange for cash.

__________Purchased a building in exchange for common stock.

__________Purchased treasury stock.

__________Paid interest on a note payable.

__________Paid cash to settle an accounts payable balance.

Answer 1

Identify activity :

a	Received cash dividends from an investment in the stock of another corporation.	Investing activity
b	Collected accounts receivable from customers.	Operating activity
c	Issued bonds payable for cash.	Financing activity
d	Paid wages to employees	Operating activity
e	Issued stock for cash	Financing activity
f	Sold equipment for cash	Investing activity
g	Purchased land in exchange for a note payable.	noncash investing or financing activity.
h	Paid cash dividend	Financing activity
i	Received interest from an investment in the bonds of another corporation.	Investing activity
j	Purchase of land for cash	Investing activity
k	Signed a note payable in exchange for cash.	Financing activity
l	Purchased a building in exchange for common stock.	noncash investing or financing activity.
m	Purchased treasury stock.	Financing activity
n	Paid interest on a note payable.	Operating activity
o	Paid cash to settle an accounts payable balance.	Operating activity