Classify each transaction as either an operating activity "OA", an investing
activity "IA," or a financing activity "FA," or a noncash investing and financing activity
"NC." +1/2 per
Selected transactions for the Entity A are listed below.
_____ 1. Common stock is sold for cash.
_____ 2. Interest is paid to a lender on a short-term note payable.
_____ 3. Land is purchased by signing a 3-year, 5% note payable.
_____ 4. Cash dividends paid.
_____ 5. Cash sale of a long-term investment.
_____ 6. Retire bonds payable.
_____ 7. Common stock is exchanged for equipment.
_____ 8. Land was sold for its book value.
_____ 9. Cash paid to suppliers for inventory.
_____ 10. Loan to a customer in financial difficulty.