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

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

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. Operating Activity 2. Declared and paid dividends on common stock. Financing Activity 3. Sold long-term investments for cash. Investing Activity 4. Issued stock for equipment. Noncash investing and financing + 5. Repaid five year note payable. Financing Activity 6. Paid employee wages. Operating Activity 7. Converted bonds payable to common stock. Financing Activity 8. Acquired long-term investment with cash. Investing Activity 9. Sold buildings and equipment for cash. 10. Sold merchandise to customers. Investing Activity Operating Activity

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