Selected transactions for the Ecker Company are listed below. Classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash investing and financing activity.

1.		Collected accounts receivable.
2.		Declared and paid dividends on common stock.
3.		Sold long-term investments for cash.
4.		Issued stock for equipment.
5.		Repaid five year note payable.
6.		Paid employee wages.
7.		Converted bonds payable to common stock.
8.		Acquired long-term investment with cash.
9.		Sold buildings and equipment for cash.
10.		Sold merchandise to customers.

Answer rating: 100% (QA)

SOLUTION 1 COLLECTED ACCOUNTED RECEIVABLE OPERATING ACTIVIT... View the full answer