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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- Spring '11
- Economics, Generally Accepted Accounting Principles, financing activity, investing activity