Question

Identify the following as financing activities (F) or investing activities (I): (a) Purchase of equipment (b)...

Identify the following as financing activities (F) or investing activities (I):

(a) Purchase of equipment

(b) Purchase of treasury stock

(c) Reduction of long-term debt

(d) Sale of building

(e) Resale of treasury stock

(f) Increase in short-term debt

(g) Issuance of common stock

(h) Purchase of land

(i) Purchase of common stock of another firm

(j) Payment of cash dividends

(k) Gain on sale of land

(l) Repayment of debt principal

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Answer #1

Identify the following as financing activities (F) or investing activities (I):

Purchase of equipment investing activities (I)
Purchase of treasury stock financing activities (F)
Reduction of long-term debt financing activities (F)
Sale of building investing activities (I)
Resale of treasury stock financing activities (F)
Increase in short-term debt financing activities (F)
Issuance of common stock financing activities (F)
Purchase of land investing activities (I)
Purchase of common stock of another firm investing activities (I)
Payment of cash dividends financing activities (F)
Gain on sale of land investing activities (I)
Repayment of debt principal financing activities (F)
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