For Each of the Following Items, Indicate Whether It Would

question 103

Essay

For each of the following items, indicate whether it would be classified as either an (O) operating activity, an (I) investing activity, a (F) financial activity, or a significant (N) noncash financing and investing activity.
________ (1) Cash sales of merchandise.
________ (2) Sale of land for cash.
________ (3) Signed a note payable in exchange for cash.
________ (4) Purchased supplies for cash.
________ (5) Paid cash to settle an account payable.
________ (6) Purchased a warehouse in exchange for shares of its stock.
________ (7) Paid interest on a note payable.
________ (8) Reissued treasury stock.
________ (9) Purchased equipment for cash.
________ (10) Purchased equipment in exchange for a 6-month note payable.

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Definitions:

Primary Alcohols

Organic compounds featuring a hydroxyl group (-OH) attached to a primary carbon atom, often reactive and used in the production of various chemicals and solvents.

Carboxylic Acids

Organic compounds characterized by the presence of at least one carboxyl group (-COOH), which includes substances like acetic acid and butyric acid.

Lithium Aluminum Hydride

A powerful reducing agent used in organic synthesis to reduce esters, carboxylic acids, and amides to alcohols.

Major Organic

The primary organic compound formed as the principal output in a chemical reaction.