Transaction Type Government Classification Business Classification Capital asset
ID: 2502741 • Letter: T
Question
Transaction Type
Government Classification
Business Classification
Capital asset acquisition/sale
Capital debt issue/retirement
Noncapital debt issue/retirement
Interest paid on capital debt
Interest paid on noncapital debt
Receipt of investment earnings
(Points : 40)
Transaction Type
Government Classification
Business Classification
Capital asset acquisition/sale
Capital debt issue/retirement
Noncapital debt issue/retirement
Interest paid on capital debt
Interest paid on noncapital debt
Receipt of investment earnings
Explanation / Answer
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Please find the answer as follows:
Thanks.
Transaction Type Government Classification Business Classification Capital asset acquisition/sale Capital and Related Financing Investing Capital debt issue/retirement Capital and Related Financing Financing Noncapital debt issue/retirement Non Capital Financing Financing Interest paid on capital debt Capital and Related Financing Operating Interest paid on noncapital debt Non Capital Financing Operating Receipt of investment earnings Investing Operating