Solved

Match Each Activity Below with the Proper Classification

Question 144

Matching

Match each activity below with the proper classification

Premises:
Collection of interest on a note receivable
Payment of debt principal with cash
Sales of operational assets
Payment of cash dividends
Issuance of shares for cash
Borrowing cash from the bank
Purchase of operational assets for cash
Collections of dividends on long term investments
Responses:
Investing
Financing
Operating
A & C

Correct Answer:

Collection of interest on a note receivable
Payment of debt principal with cash
Sales of operational assets
Payment of cash dividends
Issuance of shares for cash
Borrowing cash from the bank
Purchase of operational assets for cash
Collections of dividends on long term investments
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