Classify Each Statement Below as an Operating Activity,investing Activity,or a Financing

question 140

Essay

Classify each statement below as an operating activity,investing activity,or a financing activity.
a.Sold 12,000 shares for cash.
b.Paid salaries of employees.
c.Paid amount due for income taxes.
d.Paid interest expense (ASPE).
e.Purchased office equipment for cash.
f.Sold old office equipment and received cash.
g.Received interest income.
h.Paid interest on a bank loan.
i.Paid dividends to shareholders.

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Definitions:

Personnel Synergy

The increased effectiveness that results when a group of individuals work together compared to when they work independently.

Market Synergy

The collaboration between businesses or individuals in the marketplace to enhance their collective performance or create a more valuable outcome than could be achieved individually.

Complementary Skills

Refers to the combination of different abilities, skills, and expertise that team members bring together to achieve common goals effectively and efficiently.

Increased Productivity

An improvement in the efficiency of production, resulting in the ability to produce more output with the same amount of input.