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For Each of the Following Items, Indicate Whether It Would

Question 182

Matching

For each of the following items, indicate whether it would be classified as an (O) operating activity, an (I) investing activity, a (F) financing activity or a significant, (N) noncash financing and investing activity.

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

Correct Answer:

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