Solved

Classify Each Event Below

Question 209

Matching

Classify each event below

Premises:
Paid for merchandise purchased on account
Received stock dividends
Received cash dividends
Paid interest on a short-term note payable
Retired bonds payable by issuing common shares
Issued common shares for cash
Issued preferred shares in exchange for land
Paid for a three-year insurance policy on property
Purchased equipment for cash
Purchased shares for cash to hold as a long-term investment
Responses:
operating activity
investing activity
financing activity
separate schedule or note of noncash investing and financing activities
not disclosed

Correct Answer:

Paid for merchandise purchased on account
Received stock dividends
Received cash dividends
Paid interest on a short-term note payable
Retired bonds payable by issuing common shares
Issued common shares for cash
Issued preferred shares in exchange for land
Paid for a three-year insurance policy on property
Purchased equipment for cash
Purchased shares for cash to hold as a long-term investment
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