Business, 05.05.2020 17:42, ashleymarina

Selected transactions of the Carolina Company are listed below. Classify each transaction as either an operating activity, an activity, or a noncash activity. 1. Common stock is sold for cash above par value. 2. Bonds payable are issued for cash at a discount. 3. Interest on a short-term note receivable is collected. 4. Merchandise is sold to customers for cash. 5. Cash is paid to purchase inventory 6, Equipment is purchased by signing a 3-year, 10% note payable 7. Cash dividends on common stock are declared and paid. 8. One hundred shares of Amazon. com common stock are purchased for cash. 9. Land is sold for cash at book value. Financing Activity Financing Activity Investing Activity Operating Activity Operating Activity Noncash Activity Financing Activity Investing Activity 10. Bonds payable are converted into common stock. Noncash Activity

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Selected transactions of the Carolina Company are listed below. Classify each transaction as either...