Indicate on the blanks below the letter of the type of activity (O = operating activity,F = financing activity,I = investing activity,N = noncash transaction)each of the following transactions represents.
_____ 1.Company sold shares of its own stock for cash.
_____ 2.Acquired land and buildings by issuance of long-term mortgage payable.
_____ 3.Declared and paid cash dividends.
_____ 4.Received interest income.
_____ 5.Exchanged shares of stock for 15-year bonds.
_____ 6.Paid the U.S.Treasury for income taxes.
_____ 7.Collected proceeds from the sale of a long-term investment at cost.
_____ 8.Declared stock dividends.
_____ 9.Paid off long-term debt with cash.
_____ 10.Purchased equipment with cash.

Question

Quizplus · Accepted Answer

The Answer of Indicate on the blanks below the letter of the type of activity (O = operating activity,F = financing activity,I = investing activity,N = noncash transaction)each of the following transactions represents.
_____ 1.Company sold shares of its own stock for cash.
_____ 2.Acquired land and buildings by issuance of long-term mortgage payable.
_____ 3.Declared and paid cash dividends.
_____ 4.Received interest income.
_____ 5.Exchanged shares of stock for 15-year bonds.
_____ 6.Paid the U.S.Treasury for income taxes.
_____ 7.Collected proceeds from the sale of a long-term investment at cost.
_____ 8.Declared stock dividends.
_____ 9.Paid off long-term debt with cash.
_____ 10.Purchased equipment with cash.

Indicate on the Blanks Below the Letter of the Type