Classify Each of the Following as an Operating,investing,or Financing Activity

question 78

Essay

Classify each of the following as an operating,investing,or financing activity under ASPE:
a.Loaning money
b.Receiving cash from customers
c.Receiving interest revenue
d.Payments for inventory
e.Payments for interest
f.Receipt of cash from issuance of bonds payable
g.Receipt of cash from sale of equipment
h.Payments for acquisition of land
i.Receipt of cash from issuance of stock
j.Receipt of dividend income
k.Dividends paid to shareholders
l.Payment of salaries to employees
m.Payment of taxes

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Definitions:

Chronic Conditions

Long-lasting medical conditions that can be controlled but not cured.

Hypertension

Chronically high blood pressure.

Arthritis

A group of painful and degenerative conditions marked by inflammation in the joints, leading to stiffness and pain.

Depression

A common and serious mood disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.