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:

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