Identify Each of the Following Business Activities 1 Through 6

question 182

Essay

Identify each of the following business activities 1 through 6 into the appropriate category a,b,and c.
a.Operating
b.Investing
c.Financing
____ 1.Paid utilities expenses.
____ 2.Dividends paid to stockholders.
____ 3.Purchase of land.
____ 4.Sale of used equipment.
____ 5.Borrowed money from a bank on a long-term note.
____ 6.Paid employee wages.
____ 7.Received investment from stockholders in exchange for common stock.
____ 8.Paid an amount due on a long-term bank loan.

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Definitions:

Contribution Margin

The amount of revenue from sales that exceeds variable costs, indicating the contribution of sales to fixed costs and profit.