91. Classify each of the following cash transactions as an operating, financing or investing activity:A) wages paid to employeesB) dividends paid to shareholderC) loan repaid to shareholderD) purchase...

91. Classify each of the following cash transactions as an operating, financing or investing activity:


A) wages paid to employees
B) dividends paid to shareholder
C) loan repaid to shareholder
D) purchase of office equipment
E) payment of rent

92. Classify each of the following balance sheet items as a current asset, non-current asset, current liability or non-current liability.


A) cash
B) a 10-year loan owing to a bank
C) an amount owing to a supplier due in 30 days
D) land purchased for immediate resale by a real estate developer
E) a delivery truck

93. Classify each of the following balance sheet items as a current asset, non-current asset, current liability, or non-current liability.


A) Dividends declared but not yet paid to shareholders
B) Wages owing to employees
C) A loan owing to a shareholder that will be repaid in two years
D) Land purchased for expansion by a retailer
E) An amount owing from a customer due in 15 months