Question

In: Accounting

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

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.

Expert Solution

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

ekkarill92 answered 2 years ago

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Question

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

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Expert Solution

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