we Chapter 22 we Question 4 of 4 - Chapter 22 x G how to calculate profit marg * * Dashboard X + com/was/ui/v2/assessment-player/index.html?launchld =dddc3719-2edc-497f-832f-992f0aaded0a#/question/3 Question 4 of 4 4.09/ 5 Brown Corporation had the following transactions during 2023. Identify whether each transaction should be considered a cash flow from operating, investing, or financing activities, or whether the transaction is a significant non-cash activity. Assume that Brown Corporation uses ASPE and recognizes dividends as a reduction to retained earnings. 1. Exchanged land costing $65,000 for equipment costing $65,000. Significant Non-Cash Activity 2. Declared and paid a cash dividend of $83,000. Financing Activity 3. Paid $36,000 of accounts payable. Operating Activity Purchased shares in another company as a long-term investment for $235.000 4. Investing A Collected $52.000 of accounts receivable. Operating Activity 6. Issued common shares for $125,000 cash. Financing Activity 7. Sold a long-term investment with a cost of $42,000 for $42.000 cash. Investing Activity Issued $72.000 worth of common shares in exchange for equipment. Financing Activity 9. Collected $47,000 cash for services rendered. Operating Activity 10. Purchased a machine for $35,000 by giving a long-term note in exchange. Investing Activity 11. Paid income tax instalment of $10,000. Operating Activity eTextbook and Media Q Search ENG US 8/13 hp f9 fil ins delete nome mpr.ecr suppr % & O 2 3 1/4 1/2 3/4