Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary.
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Question “Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary.”
Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary.
(a) | Purchase of equipment. | |||
(b) | Sale of building. | |||
(c) | Redemption of bonds. | |||
(d) | Depreciation. | |||
(e) | Payment of dividends. | |||
(f) | Issuance of capital stock. |
Answer
Brief Exercise 13-2
Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary.
(a) | Purchase of equipment. | |||
(b) | Sale of building. | |||
(c) | Redemption of bonds. | |||
(d) | Depreciation. | |||
(e) | Payment of dividends. | |||
(f) | Issuance of capital stock. |
Conclusion
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