Solved

Match Each of the Following Line Items with the Type

Question 261

Matching

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

Premises:
purchase of a stamping machine
collection of accounts receivable
purchase of equipment by issuing a long-term note payable
issuance of stock
Responses:
operating activities
noncash item
investing activities
financing activities

Correct Answer:

purchase of a stamping machine
collection of accounts receivable
purchase of equipment by issuing a long-term note payable
issuance of stock
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