Question: please help me do i wrong or right. thanks For each of the following activities, identify whether it would be classified as a(n): Operating activity:

For each of the following activities, identify whether it would be classified as a(n): Operating activity: Investing activity, Financing activity, or Significant noncash investing or financing activity Investing activity Received cash dividend from investment in equity securities with Insignificant influence Sold equipment for cash Paid the principal balance on a note payable. Purchased land in exchange for a note payable. Paid cash dividends. Sold inventory for cash. Sold land for cash. Paid interest on a long-term note payable. Issued common stock for cash. Paid cash for equipment Signed a note payable in exchange for cash. Purchased a warehouse in exchange for shares of capital stock. Collected accounts receivable from customers. Paid cash for wages Investing activity Financing activity . Significant noncash investing or financing activity Financing activity Operating activity Investing activity Financing activity . Financing activity Investing activity Financing activity Significant noncash investing or financing activity Operating activity 3 a 3 Operating activity no wperating activity Received interest on an available-for-sale (AFS) investment in debt securities Investing activity
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
