4. Categorize each of the following as an operating activity (O), financing activity (F), or investing activity (1): a. b. C. d. e. f. g. i. j. k. 1. Paying wages Repaying loans Selling land Selling goods Borrowing money Selling an old, used machine Paying rent Buying a building Paying dividends Collecting cash from customers Buying a machine Selling an old building

4. Categorize each of the following as an operating activity (O), financing activity (F), or investing activity (1): a. b. C. d. e. f. g. i. j. k. 1. Paying wages Repaying loans Selling land Selling goods Borrowing money Selling an old, used machine Paying rent Buying a building Paying dividends Collecting cash from customers Buying a machine Selling an old building

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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