Match each activity below with the proper classification by inserting the proper

Question

Match each activity below with the proper classification by inserting the proper capital letter in the space to the left.

Classification of Activity:
I. Investing
F. Financing
O. Operating

1. Collection of interest on a note receivable 2. Payment of debt principal with cash 3. Sales of operational assets 4. Payment of cash dividends 5. Issuance of shares for cash 6. Borrowing cash from the bank                       7. Purchase of operational assets for cash 8. Collections of dividends on long term investments

Explanation / Answer

Solution :-

1. Collection of interest on a note receivable I 2. Payment of debt principal with cash F 3. Sales of operational assets I 4. Payment of cash dividends F 5. Issuance of shares for cash F 6. Borrowing cash from the bank F 7. Purchase of operational assets for cash I 8. Collections of dividends on long term investments I

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