Classify Each of the Following Events as an Asset Source

question 107

Essay

Classify each of the following events as an asset source (AS),asset use (AU),asset exchange (AX),or not applicable (NA).
_______ 1)Borrowed cash from the bank.
_______ 2)Issued stock for cash.
_______ 3)Invested cash in the common stock of another company.
_______ 4)Performed services and collected cash.
_______ 5)P aid cash for operating expense.
_______ 6)Purchased equipment for cash.
_______ 7)Paid dividends to stockholders.
_______ 8)Repaid the bank loan with cash.

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Definitions:

Nominal GDP

The gross domestic product measured in current prices, without adjusting for inflation, reflecting the value of all goods and services produced.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including currency, demand deposits, and other liquid instruments.

Velocity of Money

The rate at which money circulates or is exchanged in an economy, used to indicate the economic activity level.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, serving as an indicator of inflation.