Listed below are various activities that companies engage in during a period a The purchase of equipment b The payment of a dividend c The purchase of supplies d The sale of equipment e The sale of goods or services f Borrowed money from a bank g Contribution of cash by owners Required For each of ...

Listed below are various activities that companies engage in during a period. a. The purchase of equipment

Question:

Listed below are various activities that companies engage in during a period.
a. The purchase of equipment
b. The payment of a The purchase of supplies
d. The sale of equipment
e. The sale of goods or services
f. Borrowed money from a bank
g. Contribution of cash by owners
Required:
For each of the activities listed above, classify the activity as operating (O), investing (I), or financing (F).
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...