Question

Below are typical transactions for Hewlett-Packard?
Type of business activity Transactions
1. ______________ Pay amount owed to the bank for previous borrowing
2. ______________ Pay utility costs
3. ______________ Purchase equipment to be used in operations
4. ______________ Provide services to customers
5. ______________ Purchase office supplies
6. ______________ Purchase a building
7. ______________ Pay workers’ salaries
8. ______________ Pay for research and development costs
9. ______________ Pay taxes to the IRS
10._____________ Sell common stock to investors

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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