Question: Item 1: For Entity A, classify each transaction as either an operating activity OA, an investing activity IA, or a financing activity FA, or a
Item 1: 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
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