FAR Review 1

  1. What Type of Activity is: 

    Purchased equipment for $30,000
    Investing Activity
  2. What Type of Activity is:

    Sold available-for-sale securities for $7,000
    Investing Activity
  3. What Type of Activity is:

    Paid income taxes of $40,000
    Operating Activity
  4. What Type of Activity is:

     Issued 40,000 shares of common stock, $2.50 par
    Financing Activity
  5. What Type of Activity is:

    Paid $2,000 interest
    Operating Activity
  6. What Type of Activity is:

    Paid $10,000 cash dividends to shareholders
    Financing Activity
  7. What Type of Activity is:

    Received $1,500 interest
    Operating Activity
  8. What Type of Activity is:

    Sold land for $17,000
    Investing Activity
  9. What Type of Activity is:

    Paid $7,000 to vendors for inventory
    Operating Activity
  10. What Type of Activity is:

    Purchased treasury stock for $20,000
    Financing Activity
Author
Joens1313
ID
353643
Card Set
FAR Review 1
Description
FAR Review 1
Updated