3. For each of the following items, indicate whether it would be classified as either an (0) operating activity, an ( 1) investing activity, a ( F ) financial activity, or a (N ) noncash financing and investing activity. Purchased a warehouse in exchange for shares of the purchasing company's stock. Converted bonds payable for shares of the company's stock. Paid an account payable for the purchase of merchandise. 1. O Cash sales. 2. I Sale of stock of another company. 3. F Purchased supplies for 4. N cash. Sold treasury stock. Purchased delivery equipment for cash. Paid interest on a note payable. Borrowed money by signing a note payable. > > >

3. For each of the following items, indicate whether it would be classified as either an (0) operating activity, an ( 1) investing activity, a ( F ) financial activity, or a (N ) noncash financing and investing activity. Purchased a warehouse in exchange for shares of the purchasing company's stock. Converted bonds payable for shares of the company's stock. Paid an account payable for the purchase of merchandise. 1. O Cash sales. 2. I Sale of stock of another company. 3. F Purchased supplies for 4. N cash. Sold treasury stock. Purchased delivery equipment for cash. Paid interest on a note payable. Borrowed money by signing a note payable. > > >

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 19MC: Owners equity represents which of the following? A. the amount of funding the company has from...

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