Matching
For each of the following items, indicate whether it would be classified as an:
Premises:
Received cash dividends from investments in trading securities.
Collected accounts receivable from customers.
Issued bonds payable for cash.
Paid wages to employees.
Issued stock for cash.
Sold equipment for cash.
Purchased land in exchange for a note payable.
Paid cash dividends.
Received interest from investments in trading securities.
Purchases of land for cash.
Responses:
(O) operating activity
(I) investing activity
(F) financing activity
(N) noncash financing and investing activity.
Correct Answer:
Premises:
Responses:
Received cash dividends from investments in trading securities.
Collected accounts receivable from customers.
Issued bonds payable for cash.
Paid wages to employees.
Issued stock for cash.
Sold equipment for cash.
Purchased land in exchange for a note payable.
Paid cash dividends.
Received interest from investments in trading securities.
Purchases of land for cash.
Premises:
Received cash dividends from investments in trading securities.
Collected accounts receivable from customers.
Issued bonds payable for cash.
Paid wages to employees.
Issued stock for cash.
Sold equipment for cash.
Purchased land in exchange for a note payable.
Paid cash dividends.
Received interest from investments in trading securities.
Purchases of land for cash.
Responses:
Related Questions
Q40: Jeffreys Company reports depreciation expense of
Q41: The appropriate section in the statement of
Q42: A company reported net income of $318,000,
Q43: The indirect method separately lists each major
Q44: All cash transactions eventually affect noncash _
Q46: A cash coverage of growth ratio of
Q47: Investing activities do not include the:<br>A) Sale
Q48: The cash flow on total assets ratio
Q49: A company had net cash flows from
Q50: Use the following information about the