Question: 28) Below are typical transactions for a company. Indicate whether each transaction is classifie as a financing, investing, or operating activity. (5 Points) 1. 2.

28) Below are typical transactions for a company. Indicate whether each transaction is classifie as a financing, investing, or operating activity. (5 Points) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Type of Business Activity Related Transactions Sell common stock to investors. Receive cash from customers. Incur amounts owed to employees. Sell services to customers. Incur cost of utilities. Purchase rent one year in advance. Pay for cost of advertising. Purchase building for operations. Purchase supplies on credit. Distribute cash to stockholders

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