Question

assify the following business activities using the drop-down list. Items Item #1 Acquiring resources (assets) that an organization plans to use to acquire and sell its products or services Item #2 Resources contributed by creditors Item #3 Disposing of resources (assets) that an organization uses to acquire and sell its products or services Item #4 Sales and revenues Item #15 Resources contributed by the owner along with any income the owner leaves in the organization Activities Investing Financing Operating Financing

Answer 1

item Item 1 Item 2 Item 3 Item 4 Item 5 Acquiring resources (asset) that an organization plan to use resources contributed by creditors disposal resources (asset) that an organization plan to use sales and revenue resources contributed by the owners Activities i Investing Financing Investing operating Financing Other example Machinery purchase, Investment in other company | Issue of common stock, Bank loan taken Sale of asset, Sale of investment collection from debots, operating expense dividend paid

asset beginning $ 239,000 change $ 80,000 ending $ 319,000 = liabity = $ 59,750 = $ 46,000 = $ 105,750 equity $ 179,250 $ 34,000 $ 213,250 opening liabilty = 239000 -179250 = ending asset = 239000+80000 = ending laibilty = 59750 +46000 = ending equity= 319000-105750 = change in equity 213250 -179250 = $ 59,750 $319,000 $ 105,750 $ 213,250 $ 34,000 Please comment if you have any doubt please give thumps up if you satisfied with the answer