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.

---

Definitions:

School Administrator

An official in an educational setting responsible for the management, coordination, and supervision of school operations and activities.

Freshmen

First-year students at a high school, college, or university.

Population Parameter

A characteristic or measure of an entire population, such as the mean or standard deviation, often estimated using sample data.

Fiber-Optic Ethernet

A network technology that uses fiber-optic cables for high-speed data transmission over longer distances than is possible with electronic cabling.