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Identify Each of the Following Transactions as An

Question 90

Matching

Identify each of the following transactions as an

Premises:
Sold equipment for cash.
Sold merchandise to a customer for cash.
Purchased treasury stock.
Paid employee salaries.
Paid for a three-year insurance policy.
Purchased merchandise inventory on account.
Purchased land and a building.
Paid a dividend.
Sold a temporary investment in marketable securities.
Issued common stock in return for land.
Responses:
an investing activity (I),
a financing activity (F),
operating activity (O)
a noncash investing or financing activity (NIF)
or an activity that does not appear on the statement of cash flows (NA).

Correct Answer:

Sold equipment for cash.
Sold merchandise to a customer for cash.
Purchased treasury stock.
Paid employee salaries.
Paid for a three-year insurance policy.
Purchased merchandise inventory on account.
Purchased land and a building.
Paid a dividend.
Sold a temporary investment in marketable securities.
Issued common stock in return for land.
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