Selected transactions for the Eldon Company are listed below.
1. Collected accounts receivable.
2. Declared and paid dividends on ordinary shares.
3. Sold long-term investments for cash.
4. Issued ordinary shares for equipment.
5. Repaid five year note payable.
6. Paid employee wages.
7. Converted bonds payable to ordinary shares.
8. Acquired long-term investment with cash.
9. Sold buildings and equipment for cash.
10. Sold merchandise to customers.
Instructions
Classify each transaction as either (a) an operating activity, (b) an investing activity,
(c) a financing activity, or (d) a noncash investing and financing activity.
Correct Answer:
Verified
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