Solved

Match Each Activity Below with the Proper Classification by Inserting

Question 17

Essay

Match each activity below with the proper classification by inserting the proper capital letter in the space to the left.
Classification of Activity
I.Investing
F.Financing
O.Operating
Activity
____ 1.Collection of interest on a note receivable.
____ 2.Payment of debt principal with cash.
____ 3.Sales of operational assets (used in the business).
____ 4.Payment of cash dividends.
____ 5.Issuance of shares for cash.
____ 6.Borrowing cash from the bank.
____ 7.Purchase of operational assets for cash.
____ 8.Collections of dividends on long-term investments.

Correct Answer:

verifed

Verified

(1)O,(2)F,...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions