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.

---

Definitions:

Supplemental Unemployment Benefits

Additional financial benefits offered to unemployed individuals that supplement their regular unemployment compensation.

Financial Services

A broad range of services offered by the finance industry, including banking, insurance, investment, and estate planning, among others.

Guaranteed Annual Wage

A financial agreement where an employer ensures an employee receives a minimum income for a specified number of hours worked or not worked over a year.

Paid Time-off Benefit

A company policy that allows employees to receive wages while they are not working during holidays, vacations, or other personal reasons.