Presented Below Are Activities from Prosser Industries, Inc Required: Please Indicate Whether Each of These Activities Is Classified

question 30

Essay

Presented below are activities from Prosser Industries, Inc.
$$\begin{array} { | l | l | } \hline { \text { Activity } } & \underline { \mathrm { O } , \mathrm { I } , \text { or F } } \\\hline \text { Purchase of equipment with cash } & \\\hline \text { Sale of treasury stock } & \\\hline \text { Payments to employees } & \\\hline \text { Sale of idle land } & \\\hline \text { Purchase of inventory with cash } & \\\hline \text { Payment of dividends to shareholders } & \\\hline \text { Redemption of bonds payable } & \\\hline \text { Sale of long-term investments } & \\\hline \text { Payment of interest on bonds payable } & \\\hline\end{array}$$
Required: Please indicate whether each of these activities is classified as an (O)perating, (I)nvesting, or (F)inancing Activity on the statement of cash flows.

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Definitions:

Connection

A relationship or link between individuals, objects, or systems that enables communication or interaction.

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

Business

An enterprise or company participating in market, industry, or specific professional operations.

Business Activity

Engagements or actions undertaken by individuals or companies to produce, sell, or distribute goods or services in pursuit of profits.