Essay
For each of the following items, indicate whether it would be classified as an (O) operating activity, an (I) investing activity, a (F) financing activity, or a significant (N) noncash financing and investing activity.
________ (1) Received cash dividends from investments in trading securities.
________ (2) Collected accounts receivable from customers.
(3) Issued bonds payable for cash.
________ (4) Paid wages to employees.
________ (5) Issued stock for cash.
________ (6) Sold equipment for cash.
________ (7) Purchased land in exchange for a note payable.
________ (8) Paid cash dividends.
(9) Received interest from investments in trading securities.
(10) Purchases of land for cash.
Correct Answer:

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1. O; 2. O; 3. F; 4....View Answer
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