Excel_Student_05-23kh

Excel_Student_05-23kh - (i) Cash paid to purchase stock of...

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05-23 Name: kathy haines Choose the correct answers from the drop-down lists provided in Column E. The word “Wrong” will appear to the left of incorrect entries. Activity Classification (a) Cash collected from customers. Operating (b) Cash paid to suppliers for inventory. Operating (c) Cash received for interest on a nontrade note receivable. Operating (d) Cash received from issuance of stock. Financing (e) Cash paid for dividends. Financing (f) Cash received from bank on a loan. Financing (g) Cash paid for interest on a loan. Operating (h) Cash paid to retire bonds. Financing
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Unformatted text preview: (i) Cash paid to purchase stock of another company as a long-term investment Investing (j) Cash received from the sale of a business segment. Investing (k) Cash paid for property taxes. Operating (l) Cash received for dividend revenue. Operating (m) Cash paid for wages. Operating (n) Cash paid for insurance. Operating (o) Preferred stock retired by issuing common stock. Noncash (p) Depreciation expense for the year. Noncash (q) Cash paid to purchase machinery. Investing (r) Cash received from the sale of land. Investing...
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This note was uploaded on 08/12/2011 for the course ACCT 2201 taught by Professor Alvarez during the Spring '11 term at FIT.

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Excel_Student_05-23kh - (i) Cash paid to purchase stock of...

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