Question: Selected transactions for the Ecker Company are listed below. Classify each transaction as either an operating activity, an investing activity, a financing activity, or a

Selected transactions for the Ecker Company are listed below. Classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash investing and financing activity.

1. Collected accounts receivable.

Selected transactions for the Ecker Company are listed below. Classify each transaction

2. Declared and paid dividends on common stock.

as either an operating activity, an investing activity, a financing activity, or

3. Sold long-term investments for cash.

a noncash investing and financing activity. 1. Collected accounts receivable. 2. Declared

4. Issued stock for equipment.

and paid dividends on common stock. 3. Sold long-term investments for cash.

5. Repaid five year note payable.

4. Issued stock for equipment. 5. Repaid five year note payable. 6.

6. Paid employee wages.

Paid employee wages. 7. Converted bonds payable to common stock. 8. Acquired

7. Converted bonds payable to common stock.

long-term investment with cash. 9. Sold buildings and equipment for cash. 10.

8. Acquired long-term investment with cash.

Sold merchandise to customers.

9. Sold buildings and equipment for cash.

image text in transcribed

10. Sold merchandise to customers.

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