Unformatted text preview: H. Payment of cash dividends. (4) Financing activity I. Exchange of furniture for office equipment. (3) Investing activity J. Purchase of treasury stock. (4) Financing activity K. Loss on sale of equipment. (3) Investing activity L. Increase in accounts receivable during the year. (1) Operating activity—add to net income M. Decrease in accounts payable during the year. (2) Operating activity—deduct from net income...
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This note was uploaded on 02/12/2012 for the course ECONOMICS 101 taught by Professor Obiene during the Spring '11 term at Essex County College.
- Spring '11