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