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:

Financially Better Off

A condition of having improved financial health or wealth, often through increased income, investments, or managing expenses effectively.

Romantic Love

A deep emotional and affectionate attachment typically characterized by intimacy, passion, and commitment.

Adjustments

Modifications made to improve or correct something.

Early Years

The initial stages of a person's life, typically focusing on the period from birth until entering formal education.