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Identify Each of the Following Business Activities into the Appropriate

Question 260

Matching

Identify each of the following business activities into the appropriate category

Premises:
Borrowed money from a bank on a long-term note.
Paid employee wages.
Purchase of land.
Sale of used equipment.
Received investment from owner.
Paid utilities expenses.
Paid an amount due on a long-term bank loan.
Withdrawal of funds by stockholders.
Responses:
Financing
Operating
Investing

Correct Answer:

Borrowed money from a bank on a long-term note.
Paid employee wages.
Purchase of land.
Sale of used equipment.
Received investment from owner.
Paid utilities expenses.
Paid an amount due on a long-term bank loan.
Withdrawal of funds by stockholders.
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