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

2. Declared and paid dividends on common stock.

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

3. Sold long-term investments for cash.

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

4. Issued stock for equipment.

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

5. Repaid five year note payable.

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

6. Paid employee wages.

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

7. Converted bonds payable to common stock.

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

8. Acquired long-term investment with cash.

10. Sold merchandise to customers.

9. Sold buildings and equipment for cash.

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10. Sold merchandise to customers.

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