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:

Incremental Value

The additional or extra value created by undertaking a new project or activity compared to not doing it, often considered in decision-making processes.

All-Equity Firms

Companies that finance their operations without any debt, relying solely on shareholder equity.

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including those held by institutional investors and restricted shares held by insiders and company officers.

Market Price

The ongoing rate at which a service or asset is available for purchase or sale in the market.