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For Each of the Following Items, Indicate Whether It Would

Question 237

Matching

For each of the following items, indicate whether it would be classified as an:

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

Correct Answer:

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