Matching
Match each of the following line items with the type of activity.
Premises:
purchase of land in exchange for stock
issuance of bonds
payment of interest expense
sale of a used delivery van
purchase of store equipment
Responses:
noncash item
financing activities
operating activities
investing activities
Correct Answer:
Premises:
Responses:
purchase of land in exchange for stock
issuance of bonds
payment of interest expense
sale of a used delivery van
purchase of store equipment
Premises:
purchase of land in exchange for stock
issuance of bonds
payment of interest expense
sale of a used delivery van
purchase of store equipment
Responses:
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