State Whether the Following Business Activities Are an Operating Activity,an

Essay

State whether the following business activities are an operating activity,an investing activity or a financing activity.
$\begin{array}{|l|l|l|}\hline & \text { Business Activity } & \text { Type of Activity } \\\hline 1 . & \text { Hiring employees } & \\\hline 2 . & \text { Purchasing land } & \\\hline 3 . & \text { Obtaining a loan from a bank } \\\hline 4 . & \text { Paying off a loan } \\\hline 5 . & \text { Selling equipment } \\\hline 6 . & \text { Selling goods and services } \\\hline 7 . & \text { Issuing stock } \\\hline 8 . & \text { Paying taxes } \\\hline\end{array}$