If you can use it to get stuff then it has value
Answer: The answer is Yes. This is because you have a choice to accept or decline.
I think its B if not B than C most likely
Answer:
1. Collected accounts receivable = (a) an operating activity
2. Declared and paid dividends on common stock = (c) a financing activity
3. Sold long-term investments for cash = (b) an investing activity
4. Issued stock for equipment = (d) a noncash investing and financing activity
5. Repaid five year note payable = (c) a financing activity
6. Paid employee wages = (a) an operating activity
7. Converted bonds payable to common stock = (d) a noncash investing and financing activity.
8. Acquired long-term investment with cash = (b) an investing activity
9. Sold buildings and equipment for cash = (b) an investing activity
10. Sold merchandise to customers = (a) an operating activity
Explanation:
The Operating Activities include those activities that occurs within the course of business.
The Investing Activities include any cash movement in capital expenditure items.
The Financing Activities included activities that involve sourcing of funds and changes in ownership activities.
