Solved

Match Each of the Following Line Items with the Type

Question 262

Matching

Match each of the following line items with the type of activity.

Premises:
purchase of land in exchange for stock
issuance of bonds
payment of interest expense
sale of a used delivery van
purchase of store equipment
Responses:
noncash item
financing activities
operating activities
investing activities

Correct Answer:

purchase of land in exchange for stock
issuance of bonds
payment of interest expense
sale of a used delivery van
purchase of store equipment
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