198. Identify each of the following business activities 1 through 6 into the appropriate category a, b and c.
1. Paid employee wages
Operating
2. Borrowed money from a bank on a long-term note
Investing
3. Purchase of land
4. Paid utilities expenses
5. Sale of used equipment
Financing
6. Dividends paid to stockholders
199. Match each of the following items with the financial statement in which each item would most likely appear. An item may appear on more than one statement.
1. Liabilities
Income statement
2. Assets
Statement of cash flows
3. Total equity
Balance sheet
4. Costs and expenses
5. Cash from investing activities
6. Cash from operating activities
7. Cash dividends paid
Statement of retained earnings
8. Revenues
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here