The list that follows itemizes Swoboda Corporation’s transactions. Identify each as
(a) An operating activity,
(b) An investing activity,
(c) A financing activity,
(d) A noncash transaction,
(e) None of the above.
1. Sold land.
2. Declared and paid a cash dividend.
3. Paid interest.
4. Issued common stock for plant assets.
5. Issued preferred stock.
6. Borrowed cash on a bank loan.