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:

One-shot Events

Occurrences or activities that happen only once, often used in the context of experiments, promotions, or educational workshops.

Recruit Volunteers

The process of finding and encouraging individuals to offer their time and skills for a cause or organization without financial compensation.

Positive Feedback

A response or information that reinforces a particular behavior or action, encouraging its repetition or enhancement.

Thank-you Note

A written expression of gratitude towards someone for a gift, service, or kindness they have provided.