Question: Anit Corporation engaged in the transactions listed below. Identify each transaction as (a) An operating activity, (b) An investing activity, (c) A financing activity, (d)
Anit Corporation engaged in the transactions listed below. Identify each transaction as
(a) An operating activity,
(b) An investing activity,
(c) A financing activity,
(d) A noncash transaction,
(e) Not on the statement of cash flows. (Assume the indirect method is used.)
1. Declared and paid a cash dividend.
2. Purchased a long-term investment.
3. Increased interest payable.
4. Paid interest.
5. Sold equipment at a loss.
6. Issued long-term bonds for plant assets.
7. Increased dividends receivable.
8. Issued common stock.
9. Declared and issued a stock dividend.
10. Repaid notes payable.
11. Decreased wages payable.
12. Purchased a 60-day Treasury bill.
13. Purchased land.
Step by Step Solution
3.46 Rating (159 Votes )
There are 3 Steps involved in it
1 c A financing activity 2 b An investing activity 3 a An operating activit... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
328-B-A-G-F-A (3879).docx
120 KBs Word File
