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Business
Accounting
Classify each transaction whether it is a non-cash, operating, investing or financing activity.

Classify each transaction whether it is a non-cash, operating, investing or financing activity.

FINANCIAL ACCOUNTING
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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Classify each transaction whether it is a non-cash, operating, investing or financing activity. Cash paid for insurance Cash paid for interest Cash paid to employees Cash paid to owners Cash paid to purchase equipment (company does not sell equipment) Cash paid to suppliers Cash received from customers Cash received from getting a loan from a bank Cash received from investment of owner Cash received from sale of furniture (company's main line of business is not related to furniture) Depreciation expense Purchase of goods on credit Sale of goods on credit : Non-cash Activity :: Operating Activity :: Investing Activity : Financing Activity
Transcribed Image Text:Classify each transaction whether it is a non-cash, operating, investing or financing activity. Cash paid for insurance Cash paid for interest Cash paid to employees Cash paid to owners Cash paid to purchase equipment (company does not sell equipment) Cash paid to suppliers Cash received from customers Cash received from getting a loan from a bank Cash received from investment of owner Cash received from sale of furniture (company's main line of business is not related to furniture) Depreciation expense Purchase of goods on credit Sale of goods on credit : Non-cash Activity :: Operating Activity :: Investing Activity : Financing Activity
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