Answers for Questions 6-8 Thanks in Advance! HW12#6: Which is an example of a...
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Accounting
Answers for Questions 6-8 Thanks in Advance!
HW12#6: Which is an example of a cash outflow from an investing activity? A. Use cash to purchase Treasury Stock. B. Receipt of cash from the sale of equipment. c. Payment of cash to suppliers of inventory. D. Payment of cash for the purchase of equipment. HW12#7: Which is an example of a cash inflow from a financing activity? A. Receipt of cash from sale of land. B. Issuance of bond at a premium for cash. c. Receipt of cash dividends from equity investments. D. Receipt of interest revenue in cash from loans to employees. HW12#8: CLASSIFICATION OF ACCOUNTS BY BUSINESS ACTIVITIES Instructions. TIES Instructions: Classify each transaction as either (O) an operating activity. (1) an investing activity. (F) a financing activity, or (NC) a non-cash investing and financing activity on as either (0) an n investing soung activity. ( SELECTED TRANSACTIONS OF THE MAXTON CORPORATION ARE LISTED BELOW. __ 1. EQUIPMENT IS PURCHASED BY SIGNING A 3-YEAR, 10% NOTE PAYABLE. __2. CASH DIVIDENDS ON COMMON STOCK ARE DECLARED AND PAID. __3. ONE HUNDRED SHARES OF AMAZON.COM COMMON STOCK ARE PURCHASED FOR CASH. 4. PRODUCTIVE LAND IS SOLD FOR CASH AT BOOK VALUE __5. BONDS PAYABLE ARE CONVERTED INTO COMMON STOCK
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