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Chapter 5 Graded Assignment Problem: (worth 45 points) Indicate using an "X" the activity classification...

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Accounting

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Chapter 5 Graded Assignment Problem: (worth 45 points) Indicate using an "X" the activity classification for the transactions below. There should be only one "X" per row. Abbreviations: OA = Operating Activity, IA = Investing Activity, FA = Financing Activity, NC = Noncash A company? Activity Type OA FA NC a. Recorded an impairment loss on a trademark. b. Received cash when it sold equipment for a gain. c. Paid cash to settle an asset retirement obligation d. Sold inventory for cash. e. Paid cash to purchase a customer list. f. Received cash from taking out a loan from the bank. g. Paid interest on a bank loan. h. Received cash on account. i Received interest on a note receivable. J. Sold land being held as an investment. The buyer signed a note receivable for the full sale amount. k Paid freight related to an inventory purchase. 1 Paid stockholders a cash dividend m. Recorded the specific write-off of an account receivable. n. Received cash from the sale of a sales-type warranty Paid cash for advertising 0

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