A variety of transactions follow. Identify each transaction as an operating (O), investing (I), financing (F), or

Question:

A variety of transactions follow. Identify each transaction as an operating (O), investing (I), financing (F), or other noncash (NC) event. Put the correct letter(s) in the space provided.
________ A. Collection of an accounts receivable.
________ B. Declaration of dividends to shareholders.
________ C. Interest received on available- for- sale securities.
________ D. Loan received from a bank or other financial institution.
________ E. Payment of accounts payable.
________ F. Payment of insurance for one year in advance.
________ G. Purchase of inventory on account.
________ H. Purchase of machinery and equipment for cash.
________ I. Sale of for cash.
________ J. Sale of land and building for cash.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...