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My name is Ann [436]
3 years ago
8

Classify each of the following items as an operating,investing,or financing activity.

Business
1 answer:
Leokris [45]3 years ago
6 0

Answer:

Operating Activities

3. Payment for inventory.

5. Interest paid.

Investing Activities

4. Purchase of equipment.

Financing Activities

1. Dividends paid.

2. Repayment of notes payable.

Explanation:

Operating Activities involves activities in the trading operations of the business.

Investing Activities involves activities in acquisition and sale of Company assets or Investments

Financing Activities involves activities in the sourcing and repayment of sources of finance to holders of the instruments.

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The correct answer is B.

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Giving the following information:

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3 years ago
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