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MATCHING For each of the following, enter a letter to indicate whether the transact

 

MATCHING

 

For each of the following, enter a letter to indicate whether the transaction is an operating activity, a financing activity, or an investing activity. Assume all purchase and sale transactions are for cash unless otherwise stated.

 

a.= operating activity

b.= financing activity

c.= investing activity

 

 

1.Collection of principal from a note receivable

 

2.Amortization of a patent

 

3.Purchase of an asset used in the company’s daily operations

 

4.Sale of treasury stock

 

5.Write-off of a bad debt

 

6.Depreciation expense

 

7.Sale of obsolete equipment no longer used in company operations

 

8.Collection of interest revenue on note receivable in (a) above

 

9.Borrow cash on a long-term note

 

10.Payment of a cash dividend

 

 

Dec 25 2019 Read more Less More

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