Below are typical transactions for a company. Type of Business ActivityTransactions 1. _________Issue common stock. 2. _________Collect

Question:

Below are typical transactions for a company.

Type of Business ActivityTransactions

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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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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