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Indicate on the Blanks Below the Letter of the Type

Question 145

Matching

Indicate on the blanks below the letter of the type of activity (operating activity,financing activity,investing activity,noncash transaction)each of the following transactions represents.

Premises:

Responses:

Received interest income.

noncash transaction

Company sold shares of its own stock for cash.

investing activity

Paid the U.S. Treasury for income taxes.

financing activity

Acquired land and buildings by issuance of long-term mortgage payable.

operating activity

Declared stock dividends.

Collected proceeds from the sale of a long-term investment at cost.

Paid off long-term debt with cash.

Exchanged shares of stock for 15-year bonds.

Purchased equipment with cash.

Declared and paid cash dividends.

Premises:

Received interest income.

Company sold shares of its own stock for cash.

Paid the U.S. Treasury for income taxes.

Acquired land and buildings by issuance of long-term mortgage payable.

Declared stock dividends.

Collected proceeds from the sale of a long-term investment at cost.

Paid off long-term debt with cash.

Exchanged shares of stock for 15-year bonds.

Purchased equipment with cash.

Declared and paid cash dividends.

Responses:

noncash transaction

investing activity

financing activity

operating activity

Correct Answer:

Premises:

Responses:

Received interest income.

Company sold shares of its own stock for cash.

Paid the U.S. Treasury for income taxes.

Acquired land and buildings by issuance of long-term mortgage payable.

Declared stock dividends.

Collected proceeds from the sale of a long-term investment at cost.

Paid off long-term debt with cash.

Exchanged shares of stock for 15-year bonds.

Purchased equipment with cash.

Declared and paid cash dividends.

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