Use the following abbreviations to answer this question:
OA………………………… Operating activities item
FA………………………… Financing activities item
IA………………………… Investing activities item
Required:
Classify each of the following transactions according to whether they are operating, financing, or investing activities:
a. Payment of employee wages
b. Cash collected from customers for sales
c. Payment of dividends
d. Purchase of land for an office building
e. Repayment of debt owed to a financial institution
f. Purchase of shares of another company
g. Cash received as rent payment from a tenant in a building owned by the company
h. Issuance of shares