Transaction Type Government Classification Business Classification Capital asset

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

Hi,

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

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