Concept explainers
SERIES A EXERCISES
IDENTIFICATION OF OPERATING, INVESTING, AND FINANCING ACTIVITIES The following activities took place during the current year. Indicate whether each activity is a
(a) Proceeds from collection of principal amount of loans made to borrowers
(b) Cash receipts from the sale of goods
(c) Payments for interest on loans
(d) Payments of dividends to stockholders
(e) Payments to acquire investments in debt securities
(f) Dividends received on investments made in the stock of other corporations
(g) Repayment of the principal on loans
(h) Interest received on loans made to outside entities
(i) Salaries paid to employees
(j) Payments to acquire property, plant, and equipment and other productive assets
(k) Payments to purchase
(l) Proceeds from the sale of common stock
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College Accounting, Chapters 1-27
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