The following provides a list of transactions and a list of business activities.Transactions Business Activities1. _________Borrow from the bank. a. Financing2. _________Provide services to customers. b. Investing3. _________Issue common stock to investors. c. Operating4. _________Purchase land.5. _________Pay rent for the current period.6. _________Pay dividends to stockholders.7. _________Purchase building.Required:Match the transaction with the business activity by indicating the letter that corresponds to the appropriate business activity.

The following provides a list of transactions and a list of business activities.Transactions Business Activities1. _____Borrow from the bank. a. Financing2. _Provide services to customers. b. Investing3. _Issue common stock to investors. c. Operating4. _Purchase land.5. _Pay rent for the current period.6. _Pay dividends to stockholders.7. _____Purchase building.Required:Match the transaction with the business activity by indicating the letter that corresponds to the appropriate business activity.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 6MC: Which of these transactions would be part of the investing section? A. land purchased, with note...

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