17 - Class Exercises - ACC212 NVCC-Annandale Mitchell...

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ACC212 NVCC-Annandale Mitchell Chapter 17 1. Pumpkin Company had the following transactions. Classify each transaction by using the following code letters: O Operating activity I Investing activity F Financing activity N Significant Non Cash Investing and Financing Activity Note: A transaction may be reported in more than one section. 1 Payment of cash dividends to stockholders 11 Receipt of cash dividends from another entity 2 Sale of land for cash at cost 12 Sale of treasury stock above its cost 3 Purchase of treasury stock for cash 13 Sale of equity securities of another entity at book value for cash 4 Issuance of long-term bonds for cash 14 Collection of loan made to a supplier 5 Issuance of equipment for a patent 15 Collection from customers for sale of goods 6 Payment of cash to lenders for interest 16 Conversion of bonds into common stock 7 Loan of money to a supplier 17 Cash payments to employees for services 8 Purchase of equity securities of another entity for cash 18 Purchase of land for cash
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17 - Class Exercises - ACC212 NVCC-Annandale Mitchell...

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