Matching
A list of sources and uses of cash are given below. Indicate on the line provided whether each is an:
Premises:
collected accounts receivable from customers
issued bonds payable
purchased equipment for cash
purchased land in exchange for a note payable
pay interest expense
declared dividend
paid advertising expenses
collected interest and dividends from actively traded investments
repaid a long-term note payable
gain on sale of land
Responses:
operating activity.
Investing activity.
financing activity.
significant noncash financing and investing activity.
Correct Answer:
Premises:
Responses:
collected accounts receivable from customers
issued bonds payable
purchased equipment for cash
purchased land in exchange for a note payable
pay interest expense
declared dividend
paid advertising expenses
collected interest and dividends from actively traded investments
repaid a long-term note payable
gain on sale of land
Premises:
collected accounts receivable from customers
issued bonds payable
purchased equipment for cash
purchased land in exchange for a note payable
pay interest expense
declared dividend
paid advertising expenses
collected interest and dividends from actively traded investments
repaid a long-term note payable
gain on sale of land
Responses:
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