Question: Please Help! MGMT FFAC Ch. 12 Exercises Item 1: Classify each transaction as either an operating activity OA, an investing activity IA, or a financing
MGMT FFAC Ch. 12 Exercises Item 1: Classify each transaction as either an operating activity "OA", an investing activity "IA," or a financing activity "FA," or (d) a noncash investing and financing activity "NC." Selected transactions for the Entity A are listed below. 1. Retirement of bonds payable. 2. Paid salaries 3. Purchase of equipment 4. Cash dividends paid. 5. Cash sale of merchandise. 6. Issue par value common stock for cash. 7. Exchange of land for a patent. 8. Land was sold for its book value. 9. Cash paid for inventory. 10. Direct issuance of a long-term note payable to acquire a building
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