For each of the items, indicate the type of business activity–operating, investing, or financing. Type of Activity 1. Purchase of goods for resale Operating 2. Issue of common shares 3. Sale of equipment that the company has finished using 4. Receipt of bank loan 5. Purchase of long-term investment

For each of the items, indicate the type of business activity–operating, investing, or financing. Type of Activity 1. Purchase of goods for resale Operating 2. Issue of common shares 3. Sale of equipment that the company has finished using 4. Receipt of bank loan 5. Purchase of long-term investment

Name: For each of the items, indicate the type of business activity–operati
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Description: For each of the items, indicate the type of business activity–operating, investing, or financing.Type of Activity1. Purchase of goods for resaleOperating2. Issue of common shares3. Sale of equipment that the company has finished using4. Receipt of b

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 1CE

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