Classify Each of the Following Events as an Asset Source

question 79

Essay

Classify each of the following events as an asset source (AS), asset use (AU), asset exchange (AX), or not applicable (NA).
_______ 1) Borrowed cash from the bank.
_______ 2) Issued stock for cash.
_______ 3) Invested cash in the common stock of another company.
_______ 4) Paid cash for operating expense.
_______ 5) Performed services and collected cash.
_______ 6) Purchased equipment for cash.
_______ 7) Repaid the bank loan with cash.
_______ 8) Dividends paid to the stockholders.

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Definitions:

Paralegal Advanced Competency Exam

A certification exam designed to assess the knowledge and skills of experienced paralegals for advanced competency in their profession.

NALA

The National Association of Legal Assistants, a professional organization for paralegals in the United States.

NFPA

An organization focused on creating codes and standards for fire safety and prevention; also known as the National Fire Protection Association.

AAfPE

The American Association for Paralegal Education, a national organization representing paralegal educators and programs.