Question

If someone could look over the ones I've done and help me with the few I'm stuck on I'd appreciate it. Thank you!

Selected transactions of the Piper Company are listed below. Indicate whether each is 0 = operating activity I= investing activity F = financing activity N= non-cash investing and financing activity Example: Treasury stock is purchased for cash....... -F 1. Common stock is sold for cash above par value....... TJ 2. Bonds payable are converted into common stock...... Z we Accounts payable are paid in cash.......... Equipment is purchased for cash......... 5. Equipment is purchased by signing a 3-year, 10% note payable............ 6. Land is sold for cash at book value..... 7. Merchandise is sold to customers for cash.......... 8. 100 shares of XYZ common stock are purchased for cash as a long-term investment. w Bonds payable are issued for cash . 10. Interest receivable on a short-term note receivable is collected.........mere 1. Cash dividends on common stock are declared and paid......... 2. Depreciation on equipment is recorded.......... 13. Bonds are retired at carrying value for cash... 14. Net loss is recorded........... 15. Land is sold for cash at more than book value.... Me

Answer 1

Answer-

1	Common stock is sold for cash above par value.	F
2	Bonds payable are converted into common stock.	N
3	Accounts payable paid in cash	O
4	Equipment of purchased for cash	I
5	Equipment is purchased by signing a 3-year,10% note payable	N
6	Land is sold for cash at book value	I
7	Merchandise is sold to customers for cash	O
8	100 shares of XYZ common stock are purchased for cash a long-term investment	I
9	Bonds payable are issued for cash	F
10	Interest receivable on a short-term note receivable is collected	O
11	Cash dividends on common stock are declared and paid	F
12	Depreciation on equipment is recorded	O
13	Bonds are retired ar carrying value for cash	F
14	Net loss is recorded	O
15	Land is sold for cash at more than book value	O