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3 years ago

Selected transactions for the Ecker Company are listed below.

Business

1 answer:

Ne4ueva [31]3 years ago

8 0

Answer:

Transaction # Classification

1. operating activity

2. financing activity

3. investing activity

4. non-cash activity

5. financing activity

6. operating activity

7. non-cash activity

8. investing activity

9. investing activity

10. operating activity

Explanation:

operating activity

These are daily trading activities generating cash such as sales to customers or repayments to suppliers.

investing activity

These are activities involving the purchase and sale of assets or investments

financing activity

These are activities involving raising of capital and repayments of capital there-off

non-cash activity

All transactions that do not include movement of cash fall in this category.

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