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. +1/2 per
Selected transactions for the Entity A are listed below.
_____1. Bonds are issued for cash to raise funds for a new venture.
_____ 2. Cash dividends are received on common stock investments in other companies.
_____ 3. Land is purchased by signing a 3-year, 5% note payable.
_____ 4. Cash dividends paid.
_____ 5. Cash sale of a long-term investment.
_____ 6. Common stock is issued for cash.
_____ 7. Common stock is exchanged for equipment.
_____ 8. Equipment was sold for its book value.
_____ 9. Cash paid to suppliers for inventory.
_____ 10. A long-term bank loan is repaid early.
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