Bloomfield Investments specializes in low-risk government bonds. Identify each of Bloomfield's transactions as operating (O), investing (I),
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a Payment of long-term debt b. Increase in salary payable .Cash sale of land d. Sale of long-term investment e. Acquisition of building by cash payment f. Net income g. Issuance of common stock for cash h. Payment of cash dividend i. Acquisition of equipment by issuance of note payable j. Purchase of long-term investment with cash k. Issuance of long-term note payable to borrow cash I Increase in prepaid expenses m. Decrease in accrued liabilities n. Loss of sale of equipment o. Decrease in accounts receivable p. Depreciation of equipment q. Increase in accounts payable r. Amortization of intangible assets s. Purchase of treasury stock
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Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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