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The following provides a list of transactions and a list of business activities.Transactions Business                                               Activities1. _________Borrow from the bank.                               a. Financing2. _________Provide services to customers.                   b. Investing3. _________Issue common stock to investors.              c. Operating4. _________Purchase land.5. _________Pay rent for the current period.6. _________Pay dividends to stockholders.7. _________Purchase building.Required:Match the transaction with the business activity by indicating the letter that corresponds to the appropriate business activity.

The following provides a list of transactions and a list of business activities.Transactions Business                                               Activities1. _________Borrow from the bank.                               a. Financing2. _________Provide services to customers.                   b. Investing3. _________Issue common stock to investors.              c. Operating4. _________Purchase land.5. _________Pay rent for the current period.6. _________Pay dividends to stockholders.7. _________Purchase building.Required:Match the transaction with the business activity by indicating the letter that corresponds to the appropriate business 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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The following provides a list of transactions and a list of business activities.

Transactions Business                                               Activities
1. _________Borrow from the bank.                               a. Financing
2. _________Provide services to customers.                   b. Investing
3. _________Issue common stock to investors.              c. Operating
4. _________Purchase land.
5. _________Pay rent for the current period.
6. _________Pay dividends to stockholders.
7. _________Purchase building.

Required:
Match the transaction with the business activity by indicating the letter that corresponds to the appropriate business activity.

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