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Indicate on the Blanks Below the Letter of the Type

Question 146

Matching

Indicate on the blanks below the letter of the type of activity (operating activity,financing activityinvesting activity,noncash transaction)each of the following transactions represents.

Premises:
Sold $200,000 worth of products for cash.
Exchanged 6,000 shares of stock for 15-year bonds.
Received $1,500 in interest income.
Paid $121,000 to the U.S.Treasury for income taxes.
Firm sold 8,000 shares of its own common stock for cash.
Paid $120,000 dividend.
Responses:
financing activity
noncash transaction
investing activity
operating activity

Correct Answer:

Sold $200,000 worth of products for cash.
Exchanged 6,000 shares of stock for 15-year bonds.
Received $1,500 in interest income.
Paid $121,000 to the U.S.Treasury for income taxes.
Firm sold 8,000 shares of its own common stock for cash.
Paid $120,000 dividend.
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