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For Each of the Following Items, Indicate Whether It Would

Question 174

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For each of the following items, indicate whether it would be classified as an operating activity, an investing activity, a financing activity or a significant, noncash financing and investing activity.

Premises:
Sold equipment for cash.
Received interest from investments in trading securities.
Received cash dividends from investments in trading securities.
Collected accounts receivable from customers.
Purchases of land for cash.
Purchased land in exchange for a note payable.
Issued bonds payable for cash.
Issued stock for cash.
Paid cash dividends.
Paid wages to employees.
Responses:
operating activity
investing activity
financing activity or a significant
noncash financing and investing activity

Correct Answer:

Sold equipment for cash.
Received interest from investments in trading securities.
Received cash dividends from investments in trading securities.
Collected accounts receivable from customers.
Purchases of land for cash.
Purchased land in exchange for a note payable.
Issued bonds payable for cash.
Issued stock for cash.
Paid cash dividends.
Paid wages to employees.
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