Question

Below are typical transactions for a company.
Type of Business Activity Transactions
1. _________ Issue common stock.
2. _________ Collect cash from a bank loan.
3. _________ Sell products to customers.
4. _________ Pay workers’ wages.
5. _________ Purchase equipment for manufacturing.
6. _________ Pay dividends to stockholders.
7. _________ Sell factory.
8. _________ Purchase office supplies.
9. _________ Pay utilities.
10. ________ Pay for maintenance on delivery vehicles.

Required:
Indicate whether each transaction is classified as a financing, investing, or operating activity.



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  • CreatedJuly 15, 2014
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