Question: For Entity A, classify each transaction as either an operating activity OA, an investing activity IA, or a financing activity FA, or a noncash investing

For Entity A, classify each transaction as either an operating activity OA, an investing activity IA, or a financing activity FA, or a noncash investing and financing activity NC.

Selected transactions for Entity A are listed below.

1. Cash received from issuing Entity A common stock to investors.

2. Cash paid for merchandise inventory for resale.

3. Cash collections from customers.

4. Cash paid for land to construct a warehouse used in the business.

5. Cash paid to stockholders as dividends on common stock.

6. Acquisition of equipment by issuing a long-term note payable to the seller.

7. Interest paid on a long-term note payable.

8. Exchange of a patent for a building.

9. Payoff of bonds payable at maturity.

10. Sale of Ford common stock held as a long-term investment.

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