Question

Letters A-K all have the answer options of FINANCING ACTIVITY, INVESTING ACTIVITY, NON-CASH INVESTING AND FINANCING ACTIVITY, or OPERATING ACTIVITY, as shown in the picture. All other information is provided. thank you!

-X More Info Date Accounts and Explanation Debit Credit Cash 72,000 а. Common Stock 72,000 Treasury Stock b. 16,500 Cash 16,500 Cash 88,000 C. Sales Revenue 88,000 Land d. 103,000 Cash 103,000 Depreciation Expense-Equipment 6,800 e. Accumulated Depreciation-Equipment 6,800 Dividends Payable 19,500 f. Cash 19,500 22,000 Land g. Notes Payable 22,000 Cash h. 9,600 Equipment 9,600 Bonds Payable i. 51,000 Cash 51,000 Building 137,000 j. Notes Payable 137,000 Loss on Disposal of Equipment k. 1,800 Accumulated Depreciation-Equipment 200 Equipment 2,000 Print Done

Answer 1

IDENTIFICATION OF CATEGORY OF THE STATEMENT OF CASH FLOWS IN WHICH EACH TRANSACTION WOULD BE REPORTED :

a. Financing Activity

b. Financing Activity

c. Operating Activity

d. Investing Activity

e. Non Cash investing and financing Activity

f. Financing Activity

g. Non Cash investing and financing Activity

h. Investing Activity

i. Financing Activity

j. Non Cash investing and financing Activity

k. Non Cash investing and financing Activity

Operating activities are those which are carried in order to derive at net income

Investing activities are those which are carried to buy in and sell out a asset

Financing activities are those which are carried in related to sources of funds i.e., Common stock , debts and any other succes.

Non Cash investing and financing activities are those non cash expenditure in related to any asset

_____×_____

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Answer 2

ALL of the answers are correct except e. and k. Both of those are operating activity.