Presented below is a list of accounting events for the Longo Corporation. Classify each of the events
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Question:
Classify each of the events as an operating activity event, an investing activity event, a financing activity event, or as none-of-the-above.
Sale of common stock for cash | ||||||||
Collection of cash on accounts receivable | ||||||||
Purchase of equipment for cash | ||||||||
Sale of inventory on credit | ||||||||
Borrowed cash from a bank | ||||||||
Payment of a cash dividend | ||||||||
Payment of utility expense using cash | ||||||||
Purchase of land using bank financing | ||||||||
Repurchase of previously issued stock using cash | ||||||||
Cash payment of interest on a bank loan |
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