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
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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