For Each of the Following Items,indicate Whether It Would Be

question 240

Essay

For each of the following items,indicate whether it would be classified as an (O)operating activity,an (I)investing activity,a (F)financing activity,or a significant (N)noncash financing and investing activity.
________ (1)Received interest from investments in trading securities.
________ (2)Collected accounts receivable from customers.
________ (3)Issued bonds payable for cash.
________ (4)Paid wages to employees.
________ (5)Issued stock for cash.
________ (6)Sold equipment for cash.
________ (7)Purchased land in exchange for a note payable.
________ (8)Paid cash dividends.
________ (9)Received dividends from stock investments.
________ (10)Purchases of land for cash.

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Definitions:

Partnership

An official business entity operated by two or more individuals who divide management duties and profit sharing.

Business Ownership

Business Ownership refers to the legal possession of a business, which includes the right to control its operations and profit from its activities.

Sole Proprietorship

A business structure where a single individual both owns and runs the company, bearing unlimited liability for its debts.

Limited Liability Company

A corporate framework that merges the direct taxation benefit of partnerships or sole proprietorships with the corporation's advantage of limited liability.