Home / Questions / 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
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