Selected Transactions of Eller Company Are Listed Below

question 30

Essay

Selected transactions of Eller Company are listed below.
1. Ordinary shares are sold for cash above par value.
2. Bonds payable are issued for cash at a discount.
3. Interest receivable on a current note receivable is collected.
4. Land is sold for cash at book value.
5. Accounts payable are paid in cash.
6. Equipment is purchased by signing a 3-year, 10% note payable.
7. Cash dividends on ordinary shares are declared and paid.
8. 100 shares of XYZ ordinary shares are purchased for cash.
9. Merchandise is sold to customers for cash.
10. Bonds payable are converted into ordinary shares.
Instructions
Classify each transaction as either (a) an operating activity, (b) an investing activity, (c) a financing activity, or (d) a non-cash investing and financing activity.

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Definitions:

Alternative RNA Splicing

A post-transcriptional process in which exons or introns are selectively included in or excluded from a final mRNA transcript, thus allowing a single gene to code for multiple proteins.

Acetyl Groups

Functional groups in organic chemistry that consist of a methyl group single-bonded to a carbonyl. The formula is CH3CO-.

Methyl Groups

Chemical groups consisting of one carbon atom bonded to three hydrogen atoms, often involved in modifying DNA or proteins in cells.